Wholesale Inflation At 0.58% In November

Wholesale inflation was at 0.58 per cent in November, government data showed on Monday. Wholesale inflation - or the rate of increase in wholesale prices - worsened in November compared with 0.16 per cent in the previous month. Wholesale or headline inflation is gauged by the Wholesale Price Index (WPI).

Food inflation - based on the WPI Food Index comprising food articles from the primary articles group and food products from the manufactured products category - came in at 9.02 per cent in November, as against 7.65 per cent in the previous month, the data showed.

The data on wholesale inflation comes days after separate data showed consumer inflation - the rate of increase in consumer prices - accelerated to a 40-month high of 5.54 per cent in November driven by high food prices. Retail inflation stayed above the Reserve Bank of India's medium-term goal of 4 per cent for a second straight month.

The central bank tracks consumer inflation data primarily for formulating monetary policy.