WPI inflation recorded at 1.89% for November
The annual rate of inflation based on the all-India wholesale price index (WPI) number is 1.89% (provisional) for the month of November, data released by the government said on Monday.
The annual rate of inflation based on the all-India wholesale price index (WPI) number is 1.89% (provisional) for the month of November, data released by the government said on Monday.
The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October.
India's retail inflation in November was recorded at 5.48%, compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation said.
The three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.
India's retail inflation jumped in October 6.21 per cent, a 14-month high, driven by elevated food inflation in a few vegetables.
The Congress general secretary said privatising and shutting down of Public Sector undertakings led to acute unemployment among the youth of the country.
According to the Union Consumer Ministry, in places where prices have increased significantly, onions are being removed from the buffer stock in both the wholesale and retail sectors
The WPI inflation has remained in the deflationary zone for the sixth month in a row in September, the data revealed.
In the ever-fluctuating realm of economics, forecasts serve as guiding stars for policymakers, investors, and citizens alike.
According to the report, the JI Leader called on the countrymen to come out in protest against rising inflation and inflated electricity bills and make the nationwide strike successful.
