Inflation falls to 10-month low of 7.24 % in November
14 Dec 2012
India's annual rate of inflation based on wholesale price index (base: 2004-05=100) declined to 7.24 per cent year-on-year in November 2012 from 7.45 per cent in the previous month and 9.46 per cent during the corresponding month of the previous year.
The build-up of inflation during the financial year so far (April-November 2012-13) was 4.84 per cent, compared with 5.28 per cent in the corresponding period of the previous year.
The decline in inflation rate was aided by a general easing of prices of manufactured products. However, inflation in the primary food articles group continued unabated during November as well. In fact, inflation in the primary articles group, which includes food articles, accelerated during the month.
The index for the primary articles group, which has a weight of 20.12 per cent in the wholesale price index, rose 0.3 per cent to 220.8 from 220.2 in the previous month, provisional estimates released by the Central Statistical Office (CSO) showed.
Among primary articles, the index for the 'food articles' group rose 0.3 per cent to 213 during November 2012 from 212.5 in the previous month.
During the month prices of ragi rose 10 per cent while bajra prices rose 5 per cent, barley prices by 3 per cent, wheat and fish prices by 2 per cent each and prices of mutton, gram, maize and fruits and vegetables by 1 per cent each.
.webp)
