new Delhi. The common people of the country have received a big setback. In fact, the country’s wholesale inflation has reached its highest level since February 2020 in the month of November. At the same time, there has been a decrease in the inflation of food items. On the other hand, the price of manufacturing products has seen a rise. Let us also tell you what kind of figures have been seen in wholesale inflation.
Also read: Elon Musk suddenly stopped production of these two cars, fired many people, know why
Wholesale inflation at 9-month high
The wholesale inflation has been recorded at 1.55 per cent in November 2020, due to the tight arrivals in the market and increased demand, compared to 0.58 per cent in the same month of the previous year. According to data released by the Union Ministry of Commerce and Industry, the wholesale inflation rate in October 2020 was 1.48 percent. Due to the Corona epidemic in the current financial year, the demand in the retail market was low and the wholesale inflation rate in the period from April to November 2020 was negative by 0.28 per cent as against 1.40 per cent in the corresponding period of the previous fiscal.
Also read: This Indian company has gained 3000 crores by settling patent litigation in US court
Wholesale inflation of food items
According to the data, the wholesale inflation rate of food items has increased to 4.27 percent in November 2020. It was 5.78 percent in October 2020. The rate of wholesale inflation for primary articles was 2.72 percent and manufactured products at 2.97 percent for the month under review. In the same month, fuel and electricity rates have been negative at 9.87 percent.
.