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India's Nov wholesale price inflation at near 5-1/2-year low

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India's wholesale price inflation eased for a sixth straight month in November to its lowest in nearly 5-1/2 years, mainly driven by a sharp fall in fuel prices, government data showed on Monday.

[NEW DELHI] India's wholesale price inflation eased for a sixth straight month in November to its lowest in nearly 5-1/2 years, mainly driven by a sharp fall in fuel prices, government data showed on Monday.

The wholesale price index (WPI) was flat against a year earlier and compared with a 1.41 per cent year-on-year jump forecast by economists in a Reuters poll. In October, wholesale prices rose 1.77 per cent from a year earlier.

The final reading for September WPI inflation remained unchanged at 2.38 per cent.

REUTERS

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