Nov WPI Inflation Hits 21-Month Low; FM Says Govt Will Work To Bring Down Inflation

The wholesale price-based inflation fell to a 21-month low of 5.85 percent in November as prices of food, fuel, and manufactured items softened. The WPI (wholesale price index) based inflation has been on a declining trend since May and came down to single digit in October at 8.39 percent. Experts said a high base of last year and some easing in food prices also worked in favour of the November 2022 wholesale price index coming in at its lowest level since February 2021 when it was 4.83 percent.