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Wholesale prices fall for 13th straight month in November

Wholesale prices decline an annual 1.99%, mainly on tumbling oil prices

Wholesale prices fall for 13th straight month in November

Reuters New Delhi
India's wholesale prices fell for a 13th straight month in November, declining an annual 1.99%, mainly on tumbling oil prices, government data showed on Monday.

The fall was slower than a 2.80% annual decline forecast by economists in a Reuters poll. In October, the index fell a provisional 3.81%.

The wholesale fuel prices dropped 11.09% from a year ago in November, while prices of manufactured goods declined 1.42% year on year.

Food prices in November, however, gained 5.20% year-on-year, compared with a provisional 2.44% gain in October.

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First Published: Dec 14 2015 | 12:42 PM IST

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