WPI Inflation at -0.32% in Nov; Fruits, Veggies, Grains, Pulses Cheaper

• India's wholesale inflation (WPI) dropped to -0.32% in November.
• The decline was primarily due to reduced prices of food items, mineral oils, crude petroleum, natural gas, basic metals, and electricity.
• Food inflation decreased to 4.16% in November, with significant price drops in vegetables, pulses, potatoes, and onions.
• Fuel and power inflation also saw a reduction, falling to 2.27% in November.
• The RBI recently cut the repo rate and increased its GDP growth forecast for FY 2025-26, while monitoring retail inflation.

Why It Matters: Lower wholesale inflation means cheaper everyday goods for consumers.