NEW DELHI: Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October.
Data released by the Ministry of Commerce and Industry on December 14 afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was at (-) 0.52 per cent.
The ministry noted positive rate of inflation in November is primarily due to an increase in prices of food articles, minerals, machinery and equipment, computers, electronics and optical products, motor vehicles, other transport equipment and other manufacturing.
Economists say a little rise in wholesale inflation is good as it typically incentivises goods manufacturers to produce more.
