India's November WPI rises to 0.26%, returns to positive territory after 7 months

India's Wholesale price inflation increased to 0.26%, according to the data released by the Ministry of Commerce and Industry on Thursday. The inflation rate has returned to positive territory after 7 months. The last time the inflation was positive at 1.34% in March.

The WPI was at its lowest in October at -0.52%.

Rise in Inflation

The rise in inflation was led by food inflation, the category rising steeply by 4.69% in November as compared to 1.07% in October and 1.88% in September.

"Positive rate of inflation in November 2023 is primarily due to increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufacturing etc," the ministry said in the announcement.

Also Read: Retail inflation rises to a 3-month peak of 5.55% in November

In the primary articles, the index rose by 1.30%. It was followed by a 0.78% rise in the index for fuel and power, and 0.07% in manufactured products.

In November, official data revealed that retail inflation climbed to a three-month high of 5.55%, primarily propelled by surging food prices. This surge followed October's inflation rate of 4.87%, marking a consecutive decline from August's peak of 6.83%.