Economy

WPI inflation jumps to 3.93% in November on high onion, vegetable prices

Seasonal vegetables’ rate of price rise accelerated to 59.80%, as against 36.61% in October. File

Seasonal vegetables’ rate of price rise accelerated to 59.80%, as against 36.61% in October. File   | Photo Credit: Reuters

Onion witnessed a whopping 178.19% rise in inflation last month on annual basis.

Inflation based on wholesale price index (WPI) accelerated further to 3.93% in November due to a sharp rise in onion prices and costlier seasonal vegetables, government data showed on Thursday.

It was 3.59% in October this year, and 1.82% in November 2016.

Onion, a kitchen staple, witnessed a whopping 178.19% rise in inflation last month on annual basis.

For seasonal vegetables too, the rate of price rise accelerated to 59.80%, against 36.61% in October.

Protein-rich eggs, meat and fish as a category, however, grew at a slower pace of 4.73% in the month, against 5.76% in the preceding month.

WPI inflation of food articles increased to 6.06% last month, against 4.30% in October, as per the data released by the Commerce Ministry.

For manufactured goods, it was at 2.61% during the month, almost static against 2.62% in the preceding month.

Retail inflation, based on consumer price index (CPI), hit a 15-month high of 4.88% in November, as per the data released last week.

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Printable version | Jun 4, 2020 9:17:31 PM | https://www.thehindu.com/business/Economy/wholesale-inflation-touches-8-month-high/article21630526.ece

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