Wholesale inflation surges to 14.23% in November
Producers’ inflation based on the Wholesale Price Index (WPI) has reached an all-time high in the current series at 14.23 percent in November, data released by the Ministry of Commerce & Industry showed. Inflation in October this year was at 12.54 percent, while in November 2020 it was at 2.29 percent.
This is the 8th successive month of double digits WPI (mainly due to the hardening of prices of mineral oils, basic metals, crude petroleum, and natural gas).
Wholesale Price-based Index (WPI) inflation base year is 2011-12. Also, the spike is highest since April 2005.
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