WPI inflation eases to 1.89% in November 2024
India's annual WPI-based inflation was 1.89% (provisional) for November 2024, the Ministry of Commerce and Industry said on 16 December 2024.
Summary
India's annual rate of inflation based on the all-India Wholesale Price Index (WPI) was 1.89% (provisional) for November 2024 over November 2023, down from 2.36% in October 2024, according to data released by the Ministry of Commerce and Industry on 16 December 2024. The positive rate of inflation was primarily due to increases in prices of food articles, food products, other manufacturing, textiles, and machinery and equipment. The WPI Food Index inflation was 8.92%, Primary Articles 5.49%, Manufactured Products 2.00%, while Fuel and Power recorded −5.83%. Month over month, the WPI changed by −0.06% compared with October 2024. The series uses 2011-12 as the base year.
Key facts
- WPI inflation (Nov 2024)
- 1.89% (provisional)
- October 2024
- 2.36%
- Food Index
- 8.92%
- Primary Articles / Manufactured Products
- 5.49% / 2.00%
- Fuel & Power
- −5.83%
- M-o-M change
- −0.06%
- Base year
- 2011-12
Practice MCQs 2 questions
What was India's annual WPI-based inflation rate (provisional) for November 2024?
Show answer
Correct answer: A — 1.89%
PIB (Commerce & Industry): the annual rate of inflation based on the all-India WPI was 1.89% (provisional) for November 2024 over November 2023.
Consider the following statements about WPI data for November 2024: 1. WPI Food Index inflation was 11.59%. 2. The Fuel & Power group recorded negative annual inflation. 3. The WPI series uses 2011-12 as its base year. Which of the statements given above are correct?
Show answer
Correct answer: B — 2 and 3 only
PIB (Commerce & Industry): Food Index inflation in November 2024 was 8.92% (11.59% was the October 2024 figure), so statement 1 is incorrect. Fuel & Power recorded −5.83%, and the base year is 2011-12, so statements 2 and 3 are correct.