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Nov WPI falls to zero from 1.77% in Oct

As per the data released by government on Monday, food inflation fell by 0.39 percent month on month with vegetables contributing the maximum. Year on year the vegetable prices have fallen 30 percent. Manufacturing products inflation fell to 2.04 percent from 2.43 percent month-on-month.

Nov WPI falls to zero from 1.77% in Oct

The November Wholesale Price Index (WPI) based inflation came in at zero versus 1.77 percent in October and 7.52 percent in the previous year corresponding period following a continuous decline in fuel and food prices.  

A CNBC-TV18 poll of economists and analysts estimated the WPI at 1.1 percent versus 1.77 percent in October.

As per the data released by government on Monday, food inflation fell by 0.39 percent month on month with vegetables contributing the most. Year-on-year, the vegetable prices slipped 30 percent owing to a high base effect. Manufacturing products inflation fell to 2.04 percent from 2.43 percent in October. The fuel and power group, which has 15 percent weightage on the index, declined by a whopping 5.4 percent month-on-month due to lower crude prices

Economists interviewed by CNBC-TV18 guessed that the unprecedented WPI number will lead to half a percent rate cut in April.  

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