New Delhi, Dec 16 (IANS): India's annual rate of inflation based on wholesale prices eased to 0.58 per cent in November from 0.16 per cent in October, official data showed on Monday.
However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 4.47 per cent during the corresponding period of 2018.
"Build up inflation rate in the financial year so far was 2 per cent compared to a buildup rate of 4.56 per cent in the corresponding period of the previous year," the Ministry said in its review of "Index Numbers of Wholesale Price in India" for November.