Wholesale Inflation Narrows to -0.32% in Nov, Deflationary Pressure Eases

• India's wholesale inflation narrowed to –0.32% in November, up from –1.21% in October, signaling easing deflationary pressure.
• The moderation in the decline of primary articles, particularly food items, contributed to the rise in the Wholesale Price Index.
• Food prices continued to exert downward pressure, but the rate of fall narrowed as vegetable prices stabilized.
• Fuel and power inflation remained negative, and manufacturing inflation eased slightly, indicating limited cost-push pressures.

Why It Matters: Easing deflationary pressure provides policymakers flexibility.