New Delhi, Dec 14 (KNN) The annual rate of inflation based on all India Wholesale Index (WPI) number is 5.85% (Provisional) for the month of November, 2022 (over November, 2021) against 8.39% recorded in October, 2022.

Decline in rate of inflation in November, 2022 is primarily contributed by fall in prices of food articles, basic metals, textiles, chemicals & chemical products and paper & paper products as compared to the corresponding month of the previous year, said the official press release.

The index for Primary Articles which is a major group declined by 1.82% to 177.7 (provisional) in November, 2022 from 181.0 (provisional) for the month of October, 2022.

Prices of Minerals (5.98%), Crude Petroleum & Natural Gas (0.29%) and Non-food Articles (0.18%) increased in November, 2022 as compared to October, 2022.

Prices of Food Articles (3.07%) declined in November, 2022 as compared to October, 2022.

Manufactured Products’ index declined by 0.28% to 141.5 (provisional) in November, 2022 from 141.9 (provisional) for the month of October, 2022.

Out of the 22 NIC two-digit groups for manufactured products, 11 groups have witnessed increase in prices while 10 groups have witnessed decrease in prices. Index of 2 groups has remained unchanged.

The increase in price is mainly contributed by food products; fabricated metal products, except machinery and equipment; other manufacturing; other non-metallic mineral products; machinery and equipment etc.

Some of the groups that have witnessed decrease in prices are basic metals; textiles; chemicals and chemical products; paper and paper products; rubber and plastics products; in November, 2022 as compared to October, 2022.  (KNN Bureau)