The wholesale inflation eased to 3.15 percent in the month of November, down from 3.39 percent in October, as food articles and vegetables prices softened.



It has fallen from October’s 3.39 percent hit by demonetisation-induced cash-crunch. Wholesale rates measured by the wholesale price index (WPI) is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices.



Data released on Tuesday showed India’s retail inflation rate slowed sharply to 3.63 percent in November from October’s 4.2 percent, mirroring weak demand as households have put off spending.



Speaking to Rupa Rege Nitsure, Chief Economist at L&T Financial Services said that this was in line with their expectations. Non-energy commodities, like metals and minerals, spiked up globally. That is getting reflected in cost push pressures, she said.

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