WPI inflation drops to 2.36% in October 2024, food prices ease in November

Food inflation eased to 8.63% in November from 13.54% in October, driven by a decrease in vegetable prices

Wholesale price inflation eased to 1.89 per cent in November, as prices of food items, especially vegetables turned cheaper, as per the government data released on Monday.

A farmer carrying vegetables during a foggy day in Kolkata, India, on Thursday, December 12, 2024. (Photo by Samir Jana/ Hindustan Times)

The Wholesale Price Index (WPI) based inflation was 2.36 per cent in October 2024. It was 0.39 per cent in November, last year.

As per the data, inflation in food items eased to 8.63 per cent in November, as against 13.54 per cent in October. The decline was led by a dip in vegetable inflation which stood at 28.57 per cent, as against 63.04 per cent in October.

Inflation in potato, however, continued to be high at 82.79 per cent, while in onion it fell sharply to 2.85 per cent in November.

The fuel and power category witnessed a deflation of 5.83 per cent in November, against a deflation of 5.79 per cent in October. In manufactured items, inflation was 2 per cent in November, against 1.50 per cent in October.