India’s WPI inflation rate in November was 14.23%, the highest in 12 years

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India’s annual inflation rate, based on the Monthly Wholesale Price Index (WPI), rose to a 12-year high of 14.23% (provisional) in November 2021 through November 2020. WPI inflation in October was 12.54% (provisional). ), September 11.80 (final). WPI inflation in November 2020 was 2.29% in the same month of 2019.

“High inflation in November 2021 is primarily due to higher prices for mineral oils, basic metals, crude oil and natural gases, chemicals and chemicals, foods, etc. compared to the corresponding months of the previous year. “It’s a thing,” said the Economic Advisory Office of the Department of Industry and Domestic Trade Promotion (DPIIT) under the Ministry of Commerce and Industry.

The official WPI for all products in November 2021 (base: 2011-12 = 100) increased from 139.1 in the previous month to 142.9.

India’s annual inflation rate, based on the Monthly Wholesale Price Index (WPI), rose to a 12-year high of 14.23% (provisional) in November 2021 through November 2020. WPI inflation in October was 12.54% (provisional). ), September 11.80 (final). WPI inflation in November 2020 was 2.29% in the same month of 2019.

The index for industrial products (weight 64.23%) in November 2021 increased from 134.9 in October 2021 to 136.1. The index for the “Fiber Manufacturing” subgroup increased from 133.9 last month to 137.1. Wearing apparel production increased slightly from 143 in October 2021 to 144.6 from 1988.

The primary article index (weight 22.62%) rose from 159.7 last month to 168.6 in November 2021. The fuel and electricity index (weight 13.15 percent) also rose from 124.7 in October 2021 to 131.7.

Meanwhile, according to the National Bureau of Statistics, the 2012-based consumer price index (CPI) total Indian inflation rate = 100 is 2021 compared to 4.48 (final) in October 2021 and 6.93 in November 2020. It was 4.91 (provisional) in November of the year. Under the Ministry of Statistics and Program Implementation.

Fiber2Fashion News Desk (RKS)

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India’s WPI inflation rate in November was 14.23%, the highest in 12 years

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