India’s wholesale inflation at nil for November

New Delhi, Dec 15:

India’s annual rate of inflation, based on the wholesale prices, fell to nil for November from 1.77 percent for the previous month and 7.52 percent for corresponding period of the previous year, on the back of falling fuel prices globally.

Data released by the commerce and industry ministry on official wholesale price index (WPI) suggests that with a fall in the numbers for November, the overall price level in the country now is at the same level as that in the corresponding period of last year.

The most notable decline was in the index for fuels which fell by 5.2 percent, while for primary articles and manufactured products, the two other main sub-groups, the decline was 1 percent and 0.3 percent, respectively. (IANS)