India’s November WPI inflation rises above 14% to a record (Roundup).

New Delhi, December 14, 2014 : .Indias November wholesale inflation was higher on a year-on-year and sequential basis.

A falling base is likely to push up the inflation rate for primary food articles further in the current month, in spite of an anticipated sequential moderation in prices of various food items."Sunil Kumar Sinha, Principal Economist, India Ratings and Research, said: "Sticky core inflation indicates that manufacturers are increasingly passing on the higher input costs to their output prices despite uneven recovery in demand.Since fuel is a major input into transportation cost, higher fuel prices push up the distribution cost further.

"Consequently, inflation in seven groups, namely textiles, paper and chemicals, rubber and plastics, basic metals, fabricated metals and furniture, has been in double-digits for six successive months now, with textiles, paper and chemicals touching a new record high in November 2021."rv/arm #Indias #November #rises #Delhi #Sunil #Suman #Delhi #New Delhi .