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India’s inflation based on wholesale price index (WPI) jumped to 14.23% in the month of November as against 12.54% in October. The annual rate of inflation is 14.23% (Provisional) for the month of November 2021 as compared to 2.29% in November 2020. The high rate of inflation in November 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals and chemical products, food products etc as compared to the corresponding month of the previous year.

Component wise, primary articles index, having weight of 22.62%, increased by (5.57%) to 168.6 (provisional) in November 2021 from 159.7 (provisional) for the month of October 2021. Prices of Crude Petroleum & Natural Gas, Minerals, Food Articles and Non-food Articles increased in November 2021 as compared to October 2021.

Fuel & Power index, having weight of 13.15%, increased by (5.61%) to 131.7 (provisional) in November 2021 from 124.7 (provisional) for the month of October 2021. Prices of Mineral Oils and Coal increased in November 2021 as compared to October 2021. Prices of electricity remain unchanged. Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (0.89%) to 136.1 (provisional) in November 2021 from 134.9 (provisional) for the month of October 2021.