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Nov WPI seen at 1.1% vs 1.77% MoM

A CNBC-TV18 poll of analysts expects November WPI to fall to 1.1 percent as against 1.77 percent on a month-on-month basis on softening food and fuel prices,

Inflation data based on Wholesale Price Index (WPI) for November is likely to fall to 1.1 percent as against 1.77 percent on a month-on-month basis on softening food and fuel prices, says a CNBC-TV18 poll of analysts.

Even the manufacturing inflation for the month of November is likely to move lower. A Religare estimate sees it to fall to 2.35 percent as against 2.43 percent M-o-M. This may result in muted core inflation as well, which was at a 14-month low in October. Primary inflation too is expected to decline further due to sustained decline in food prices.

The October WPI at 1.77 percent was a 60-month low – the lowest level since September 2009. Even the food inflation (October) was at its lowest since January 2012 – a 33-month low with most food categories declining.

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