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India’s WPI inflation at 3.93% in November

India’s annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official…

IANS | New Delhi | December 14, 2017 12:41 pm

India’s WPI inflation at 3.93% in November

Representational image (Photo: Getty Images)

India’s annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official data showed here on Thursday.

According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, stood at 3.93 per cent (provisional) for the month of November, 2017 as compared to 3.59 per cent (provisional) for the previous month and 1.82 per cent during the corresponding month of the previous year.

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# Opinion

Inflation pressures

Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.