The annual inflation rate in India eased to 5.48% in November 2024 from 6.21% the previous month.
The Wholesale Price Index (WPI) inflation rate was 1.89% year-on-year in November, down from 2.36% in October, indicating a general slowdown in price increases.
In September, inflation for primary articles surged to 6.48% from 2.52% in August, driven by significant price increases in minerals, non-food articles, and food articles.
Prices of food articles decreased by 4.91% in November compared to October, reflecting a decline in food prices during that period.
Prices of non-food articles increased by 0.73% in November compared to October, indicating a modest rise in this category.
In November 2024, this deflation deepened slightly, with the annual rate reaching -5.83%.
The index for manufactured products rose by 0.50% in November compared to October, showing a gradual increase in manufacturing prices.