November WPI & Inflation Update

Fall in WPI of November

Inflation data based on Wholesale Price Index (WPI) for November is likely to fall to 1.1 percent as against 1.77 percent on a month-on-month basis on softening food and fuel prices.

Even the manufacturing inflation for the month of November is likely to move lower. Expert sees it to fall to 2.35 percent as against 2.43 percent M-o-M. This may result in muted core inflation as well, which was at a 14-month low in October.

Primary inflation too is expected to decline further due to sustained decline in food prices. The October WPI at 1.77 percent was a 60-month low – the lowest level since September 2009. Even the food inflation (October) was at its lowest since January 2012 – a 33-month low with most food categories declining.

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