India's WPI inflation drops to 1.89% in November 2024

The month over month change in WPI for November stood at -0.06 per cent as compared to October.

“Positive rate of inflation in November 2024 is primarily due to increase in prices of food articles, food products, other manufacturing, textiles, machinery and equipment, etc,” the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, said.

The official WPI for all commodities (Base: 2011-12 = 100) for November decreased slightly to 156.0 from 156.1 in the previous month.

The index for manufactured products (weight 64.23 per cent) increased by 0.35 per cent to 143.0 in November from 142.5 in October. The index for ‘Manufacture of Textiles’ sub-group remained stable at 135.9 in November, while the index for ‘Manufacture of Wearing Apparel’ decreased very slightly to 153.8 from 153.9 in October.

The index for primary articles (weight 22.62 per cent) decreased by 1.20 per cent to 197.9 in November from 200.3 in October, while that for fuel and power (weight 13.15 per cent) increased by 0.41 per cent to 147.1 in November from 146.5 in October.

ALCHEMPro News Desk (KD)