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According to government data, annual wholesale price-based inflation in India had accelerated to a record high in November 2021.
Consumer price-based inflation
The Consumer price-based inflation increased to 4.91% in November 2021. In October, it was 4.48%.
Wholesale fuel and power prices
Wholesale fuel and power prices increased to 39.81% in November 2021 as compared to 37.18% in October 2021. Inflationary pressures are increasing for households despite there is a softening in global prices of crude oil and government has cut in fuel tax.
Wholesale food price
Wholesale food prices increased to 6.70% in November 2021 while it was 3.06% in October.
Wholesale Price Index (WPI)
Wholesale Price Index is defined as the price of a basket of wholesale goods. It focuses on price of goods traded between corporations. It does not measure the goods purchased by consumers. Primary objective of WPI is to monitor price drifts which reflect demand and supply in construction, manufacturing and industry. The index helps in assessing macroeconomic and microeconomic conditions of an economy.
Wholesale Price Index (WPI) India
In India, Inflation rates are measured in the basis of WPI. It is released by the Ministry of Commerce and Industry.
By: Brijesh Kumar ProfileResourcesReport error
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