India's November wholesale inflation eases to 4.64%

New Delhi (IANS): India's annual rate of inflation based on wholesale prices eased to 4.64 percent in November from 5.28 percent in October, official data showed here on Friday.

However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than the rise of 4.02 percent reported for the corresponding period of 2017.

"The annual rate of inflation, based on monthly WPI, stood at 4.64 percent (provisional) for the month of November, 2018 (over November, 2017) as compared to 5.28 percent (provisional) for the previous month and 4.02 percent during the corresponding month of the previous year," the ministry said in its review of "Index Numbers of Wholesale Price in India" for November.

"Build up inflation rate in the financial year so far was 4.73 percent compared to a build up rate of 2.83 percent in the corresponding period of the previous year."