INSUBCONTINENT EXCLUSIVE:
Wholesale inflation - or the rate of increase in wholesale prices - is determined by WPIWholesale inflation cooled off to 4.64 per cent in
November, provisional data from the government showed on Friday
Commerce and Industry said in its statement
Double-digit inflation in fuel and power was offset by easing food prices in November, the data showed
Wholesale Price Index.In the fuel and power category, which has a weightage of 13.2 per cent on the Wholesale Price Index, inflation slowed
down to 16.28 per cent from 18.44 per cent in the previous month - on account of lowering of petrol and diesel prices.On the other hand,
November, as against 1.49 per cent in October
decline in the global crude oil prices
The deflationary effect of food prices could continue going forward coupled with marginal moderation in case of manufacturing products on
Bank of India (RBI) mainly takes into account retail inflation data while formulating its monetary policy.The central bank kept key interest
rates unchanged in its last policy review earlier this month.
