Inflationary woes: India's WPI rises to 1.55% in Nov (Ld)

New Delhi, Dec 14 (IANS) India's annual rate of inflation based on wholesale prices jumped to 1.55 per cent in November from a rise of 1.48 per cent in October."The rate of inflation, based on monthly WPI, stood at (1.55 per cent) (provisional) for the month of November, 2020 (over November, 2019) as compared to 0.58 per cent during the corresponding month of the previous year," a Ministry of Commerce and Industry statement on WPI said.On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019.Similarly, the prices of fuel and power with a weightage of 13.15 per cent rose by (-) 9.87 per cent to (-) 10.95 per cent in October 2020."The index for this major group increased by (0.22 per cent) to 91.3 (provisional) in November, 2020 from 91.1 (provisional) for the month of October, 2020," the ministry statement said."Prices of 'Mineral Oils' (0.39 per cent) and 'Coal' (0.08 per cent) increased in November, 2020 as compared to October, 2020. Prices of electricity remain unchanged.The expenses on primary articles, which constitute 22.62 per cent of the WPI's total weightage, increased to 2.72 per cent. It had increased in a faster pace in October 2020 at 4.74 per cent.However, the prices of food items rose on a slower rate at 4.27 per cent from 5.78 per cent reported for October 2020 and 7.19 per cent in September.
--IANS rv/sn/kr