India’s annual wholesale inflation rises to (-)1.99%

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With no respite from rising food prices, notably pulses, India’s annual wholesale inflation rate moved up further to (-)1.99 percent for November, against (-)3.81 percent for the month before, official data showed on Monday.

As per the official wholesale price index numbers released by the Ministry of Commerce and Industry, the food articles rose sharply by 2.3 percent in just a month in November, as prices of fish, meat, eggs, lentils, condiments and spices, and fruits and vegetables all registered a rise.

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The overall annual wholesale inflation rate, though still in the negative, has risen to (-)1.99 percent from (-)3.81 in October, and (-)4.59 percent and (-)5.06 percent in the preceding two months.

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Food inflation moved up above the zero percent level to 3.12 percent from (-)1.2 percent during the month under review. The annual index numbers for petrol, diesel and cooking fuels also rose, while still in the negative.

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