{"id":7190,"date":"2023-12-14T07:58:38","date_gmt":"2023-12-14T07:58:38","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=7190"},"modified":"2023-12-14T07:58:38","modified_gmt":"2023-12-14T07:58:38","slug":"wholesale-inflation-back-in-positive-zone-after-7-months-at-0-26-pc-in-nov","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/wholesale-inflation-back-in-positive-zone-after-7-months-at-0-26-pc-in-nov\/","title":{"rendered":"Wholesale Inflation Back In Positive Zone After 7 Months, At 0.26 Pc In Nov"},"content":{"rendered":"

New Delhi, Dec 14: November\u00a0<\/span><\/span>saw\u00a0<\/span><\/span>the\u00a0<\/span>fastest\u00a0<\/span>rate\u00a0<\/span><\/span>of\u00a0<\/span><\/span>increase\u00a0<\/span>in\u00a0<\/span><\/span>wholesale\u00a0<\/span><\/span>price-based\u00a0<\/span><\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>eight\u00a0<\/span>months,\u00a0<\/span><\/span>rising\u00a0<\/span><\/span>by\u00a0<\/span><\/span>0.26\u00a0<\/span><\/span>percent,\u00a0<\/span><\/span>mostly\u00a0<\/span>as\u00a0<\/span><\/span>a\u00a0<\/span>result\u00a0<\/span><\/span>of\u00a0<\/span><\/span>a\u00a0<\/span>significant\u00a0<\/span>increase\u00a0<\/span><\/span>in\u00a0<\/span>food\u00a0<\/span><\/a><\/span>prices<\/a>.<\/span><\/span><\/span> <\/span><\/span><\/span>For\u00a0<\/span><\/span>the\u00a0<\/span>previous\u00a0<\/span><\/span>seven\u00a0<\/span>months,\u00a0<\/span><\/span>the\u00a0<\/span>WPI\u00a0<\/span><\/span>inflation\u00a0<\/span>rate\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>negative,\u00a0<\/span><\/span>and\u00a0<\/span>in\u00a0<\/span><\/span>October\u00a0<\/span><\/span>it\u00a0<\/span>was\u00a0<\/span><\/span>(-)\u00a0<\/span><\/span>0.52%.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span><\/span>Commerce\u00a0<\/span>and\u00a0<\/span>Industry\u00a0<\/span><\/span>Ministry\u00a0<\/span><\/span>released\u00a0<\/span><\/span>a\u00a0<\/span>statement\u00a0<\/span><\/span>saying,\u00a0<\/span><\/span>“Positive\u00a0<\/span><\/span>rate\u00a0<\/span>of\u00a0<\/span><\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>November,\u00a0<\/span><\/span>2023\u00a0<\/span><\/span>is\u00a0<\/span>primarily\u00a0<\/span><\/span>due\u00a0<\/span>to\u00a0<\/span><\/span>increase\u00a0<\/span>in\u00a0<\/span><\/span>prices\u00a0<\/span><\/span>of\u00a0<\/span>food\u00a0<\/span><\/span>articles,\u00a0<\/span><\/span>minerals,\u00a0<\/span><\/span>machinery\u00a0<\/span><\/span>&\u00a0<\/span><\/span>equipment,\u00a0<\/span><\/span>computer,\u00a0<\/span><\/span>electronics\u00a0<\/span><\/span>&\u00a0<\/span><\/span>optical\u00a0<\/span><\/span>products,\u00a0<\/span><\/span>motor\u00a0<\/span>vehicles,\u00a0<\/span><\/span>other\u00a0<\/span><\/span>transport\u00a0<\/span>equipment\u00a0<\/span><\/span>and\u00a0<\/span>other\u00a0<\/span><\/span>manufacturing\u00a0<\/span><\/span>etc.”<\/span><\/span><\/span> <\/span><\/span><\/span>From\u00a0<\/span><\/span>2.53\u00a0<\/span><\/span>percent\u00a0<\/span>in\u00a0<\/span><\/span>October\u00a0<\/span><\/span>to\u00a0<\/span><\/span>8.18%\u00a0<\/span><\/span>in\u00a0<\/span><\/span>November,\u00a0<\/span><\/span>food\u00a0<\/span>inflation\u00a0<\/span><\/span>increased.<\/span><\/span><\/span><\/span><\/span><\/span>A\u00a0<\/span>spike\u00a0<\/span><\/span>in\u00a0<\/span><\/span>food\u00a0<\/span>prices\u00a0<\/span><\/span>in\u00a0<\/span><\/span>November\u00a0<\/span><\/span>caused\u00a0<\/span><\/span>retail\u00a0<\/span><\/span>or\u00a0<\/span><\/span>consumer\u00a0<\/span><\/span>price-based\u00a0<\/span><\/span>inflation\u00a0<\/span><\/span>to\u00a0<\/span>rise\u00a0<\/span><\/span>at\u00a0<\/span><\/span>its\u00a0<\/span>fastest\u00a0<\/span>rate\u00a0<\/span><\/span>in\u00a0<\/span><\/span>three\u00a0<\/span>months,\u00a0<\/span><\/span>according\u00a0<\/span>to\u00a0<\/span><\/span>official\u00a0<\/span>data\u00a0<\/span><\/span>released\u00a0<\/span><\/span>earlier\u00a0<\/span><\/span>this\u00a0<\/span>week\u00a0<\/span><\/span>at\u00a0<\/span><\/span>5.55\u00a0<\/span><\/span>percent.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>its\u00a0<\/span><\/span>bi-monthly\u00a0<\/span><\/span>monetary\u00a0<\/span>policy\u00a0<\/span><\/span>announcement\u00a0<\/span><\/span>last\u00a0<\/span>week,\u00a0<\/span><\/span>the\u00a0<\/span>Reserve\u00a0<\/span><\/a>Bank<\/a>\u00a0<\/span><\/span>raised\u00a0<\/span><\/span>concerns\u00a0<\/span>about\u00a0<\/span><\/span>rising\u00a0<\/span>food\u00a0<\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>November\u00a0<\/span>and\u00a0<\/span>December\u00a0<\/span><\/span>while\u00a0<\/span>keeping\u00a0<\/span><\/span>interest\u00a0<\/span>rates\u00a0<\/span><\/span>unchanged.<\/span><\/span><\/span> <\/span><\/span><\/span><\/p>\n

\"Wholesale
Wholesale Inflation Back In Positive Zone After 7 Months, At 0.26 Pc In Nov<\/figcaption><\/figure>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi, Dec 14: November\u00a0saw\u00a0the\u00a0fastest\u00a0rate\u00a0of\u00a0increase\u00a0in\u00a0wholesale\u00a0price-based\u00a0inflation\u00a0in\u00a0eight\u00a0months,\u00a0rising\u00a0by\u00a00.26\u00a0percent,\u00a0mostly\u00a0as\u00a0a\u00a0result\u00a0of\u00a0a\u00a0significant\u00a0increase\u00a0in\u00a0food\u00a0prices. For\u00a0the\u00a0previous\u00a0seven\u00a0months,\u00a0the\u00a0WPI\u00a0inflation\u00a0rate\u00a0has\u00a0been\u00a0negative,\u00a0and\u00a0in\u00a0October\u00a0it\u00a0was\u00a0(-)\u00a00.52%. The\u00a0Commerce\u00a0and\u00a0Industry\u00a0Ministry\u00a0released\u00a0a\u00a0statement\u00a0saying,\u00a0“Positive\u00a0rate\u00a0of\u00a0inflation\u00a0in\u00a0November,\u00a02023\u00a0is\u00a0primarily\u00a0due\u00a0to\u00a0increase\u00a0in\u00a0prices\u00a0of\u00a0food\u00a0articles,\u00a0minerals,\u00a0machinery\u00a0&\u00a0equipment,\u00a0computer,\u00a0electronics\u00a0&\u00a0optical\u00a0products,\u00a0motor\u00a0vehicles,\u00a0other\u00a0transport\u00a0equipment\u00a0and\u00a0other\u00a0manufacturing\u00a0etc.” From\u00a02.53\u00a0percent\u00a0in\u00a0October\u00a0to\u00a08.18%\u00a0in\u00a0November,\u00a0food\u00a0inflation\u00a0increased.A\u00a0spike\u00a0in\u00a0food\u00a0prices\u00a0in\u00a0November\u00a0caused\u00a0retail\u00a0or\u00a0consumer\u00a0price-based\u00a0inflation\u00a0to\u00a0rise\u00a0at\u00a0its\u00a0fastest\u00a0rate\u00a0in\u00a0three\u00a0months,\u00a0according\u00a0to\u00a0official\u00a0data\u00a0released\u00a0earlier\u00a0this\u00a0week\u00a0at\u00a05.55\u00a0percent. In\u00a0its\u00a0bi-monthly\u00a0monetary\u00a0policy\u00a0announcement\u00a0last\u00a0week,\u00a0the\u00a0Reserve\u00a0Bank\u00a0raised\u00a0concerns\u00a0about\u00a0rising\u00a0food\u00a0inflation\u00a0in\u00a0November\u00a0and\u00a0December\u00a0while\u00a0keeping\u00a0interest\u00a0rates\u00a0unchanged.    <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6,67,89],"tags":[],"class_list":["post-7190","post","type-post","status-publish","format-standard","hentry","category-business","category-header","category-national"],"gutentor_comment":0,"yoast_head":"\nWholesale Inflation Back In Positive Zone After 7 Months, At 0.26Pc<\/title>\n<meta name=\"description\" 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