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India WPI Inflation Slows In November

12/14/2012 1:50 AM ET

India's annual inflation based on the wholesale price index eased in November, data released by the Ministry of Commerce and Industry showed Friday.

Annual inflation fell to 7.24 percent from 7.45 percent in October. Economists were looking for a figure of 7.6 percent. Inflation slowed for the second straight month.

The inflation rate for September was revised up to 8.07 percent from 7.81 percent reported on October 15.

The Reserve Bank of India is widely expected to leave its interest rates unchanged at its next rate setting session on December 18 as inflation remains high amid slower growth.

During November, primary articles inflation rose to 9.42 percent from 8.21 percent in the previous month. Food inflation jumped to 8.50 percent from 6.62 percent. Meanwhile, fuel price inflation slid to 10.02 percent from 11.71 percent.

Month-on-month, the WPI moved up 0.06 percent in November.

by RTT Staff Writer

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