India's wholesale prices index - the facts.
from tradingeconomics.com/india/producer…
The annual wholesale price inflation rate in India rose to 14.23 percent in November 2021 from 12.54 percent in the previous month, beating market forecasts of 11.9 percent.
from tradingeconomics.com/india/producer…
The annual wholesale price inflation rate in India rose to 14.23 percent in November 2021 from 12.54 percent in the previous month, beating market forecasts of 11.9 percent.
This marked the highest figure since December 1998. The price-inflation for fuel (39.81 %) and power (37.18 percent in October).
It's worth spending a moment to understand what is being measured in the WPI. In India this is the most important measure of infaltion. sooner or later these costs are passed on to the consumer. See:
The figures for every month are on an 'annualised basis' So the headline figure of 14.23% for November means that the price of the WPI basket was 14.23% higher in Nov 2021 than in Nov 2020. This is a jump from the October figure of 12.54%.
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