November WPI declines to 3.15% as food prices soften

New Delhi: The annual rate of inflation, based on monthly WPI, stood at 3.15 percent (provisional) for the month of November, 2016 (over November, 2015) as compared to 3.39 percent (provisional) for the previous month and -2.04 percent during the corresponding month of the previous year. 

Build up inflation rate in the financial year so far was 4.45 percent compared to a build up rate of 0.80 percent in the corresponding period of the previous year.

In October it was 3.39 percent hit by demonetisation-induced cash-crunch. 

In October, prices rose a provisional 3.39 percent. Last month, wholesale food prices rose 1.54 percent year-on-year, compared with a provisional 4.34 percent gain in October.

A day earlier, the Central Statistics Office (CSO) reported that India`s annual retail inflation eased last month to 3.63 per cent from 4.20 per cent in October.