Lower food and fuel prices eased India's annual rate of inflation based on wholesale prices to 4.64% in November from 5.28% in October, official data showed here on Friday.
However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than the rise of 4.02% reported for the corresponding period of 2017.
"The annual rate of inflation, based on monthly WPI, stood at 4.64% (provisional) for the month of November, 2018 (over November, 2017) as compared to 5.28% (provisional) for the previous month and 4.02% during the corresponding month of the previous year," the ministry said in its review of "Index Numbers of Wholesale Price in India" for November.
"Build up inflation rate in the financial year so far was 4.73% compared to a build up rate of 2.83% in the corresponding period of the previous year."
On a sequential basis, the expenses on primary articles, which constitute 22.62% of the WPI's total weightage eased to 0.88%, from a rise of 1.79% in October.
Similarly, the prices of food articles declined. The category has a weightage of 15.26% in the WPI index. It deflated by (-) 3.31% from a rise of (-) 1.49%.
In addition, the cost of fuel and power segment, which commands a 13.15% weightage, increased at a slower pace of 16.28% from a growth of 18.44%.
The expenses on manufactured products registered a rise of 4.21% from 4.49% on a YoY basis, onion prices deflated by (-) 47.60%, whereas potatoes became dearer by 86.45%.
In contrast, the overall vegetable prices in the month under review declined by (-) 26.98%, against a rise of 59.87% in the same month a year ago.
Among the non-food items, the price of high-speed diesel rose by 20.16% on a YoY basis, petrol by 12.06% and LPG by 23.22%.
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