New Delhi: The news of relief has come in November for the people who are troubled by inflation. Inflation figures for the month of November have been released, according to which a decline has been registered in the inflation figures.
According to the data, the rate of wholesale inflation has come down to a 21-month low in the month of November. In November, the wholesale inflation rate remained at the level of 5.85 percent, while in November 2021, the wholesale inflation rate was 14.87 percent.
The Ministry of Commerce and Industry said that the main reason for the decrease in the rate of inflation in November 2022 is the fall in the prices of food items, basic metals, textiles, chemicals and chemical products, paper and products made from it. The lowest level of inflation before November 2022 was in February 2021 when the Wholesale Price Index inflation stood at 4.83 per cent. Inflation in food articles stood at 1.07 per cent in November, compared to 8.33 per cent in the previous month.
On the other hand, on the figures of relief from inflation, Finance Minister Nirmala Sitharaman said in the Lok Sabha that the inflation rate has come down due to the time-to-time intervention of Prime Minister Narendra Modi.