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2025-12-15 15:03:39
[India's November Wholesale Prices Fall Less Than Expected] ⑴ India's wholesale prices fell 0.32% year-on-year in November, compared to an expected decline of 0.6% and a previous decline of 1.21%. ⑵ This marks the second consecutive month of decline in wholesale prices, but the rate of decline has narrowed. The previous month recorded the steepest drop since July 2023. ⑶ The narrowing decline was mainly driven by a slower drop in food prices (down 2.60% year-on-year, compared to a 5.04% decline in October), with onion prices falling 64.70%, potato prices down 36.14%, vegetable prices down 20.33%, and legume prices down 15.21%. ⑷ The decline in fuel prices also narrowed (down 2.27% year-on-year, compared to a 2.55% decline in October), mainly dragged down by a 12.78% decline in liquefied petroleum gas prices, a 1.75% decline in gasoline prices, and a 1.64% decline in high-speed diesel prices. (5) In addition, manufacturing inflation slowed to 1.33% from 1.54% in October, the slowest pace since September 2024. (6) Food price growth slowed significantly to 0.62% (previous value 1.76%), pharmaceutical, chemical, and plant product price growth slowed to 1.39% (previous value 1.88%), and cement, lime, and gypsum price growth slowed sharply to 0.08% (previous value 2.48%).
