Wholesale Inflation Eases to -0.32% in Nov; Deflationary Pressures Recede

• India's wholesale inflation cooled to -0.32% in November, an increase from -1.21% in October.
• This signals an easing of deflationary pressures, suggesting the sharp phase of wholesale deflation may be over.
• The improvement was largely driven by a slower pace of decline in primary articles, especially food items.
• Food deflation persisted but moderated, with vegetable prices stabilizing after earlier sharp drops.
• Fuel and power inflation remained negative, and manufactured products inflation eased marginally, contributing to a benign inflation outlook.

Why It Matters: Cooling wholesale inflation offers policymakers flexibility for economic growth.