New Delhi: India’s annual rate of inflation based on wholesale prices eased to 4.64 per cent in November from 5.28 per cent in October, official data showed here on Friday. (Also Read: Fuel Price Hike Swells Wholesale Inflation to Four-month High of 5.28 Per Cent in October) Also Read - RBI To Announce Monetary Policy Committee’s Decision Today, Repo Rate Likely To Be Unchanged

However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than the rise of 4.02 per cent reported for the corresponding period of 2017. Also Read - Are You Saving Money By Putting in Savings Account? Actually NOT

“The annual rate of inflation, based on monthly WPI, stood at 4.64 per cent (provisional) for the month of November, 2018 (over November, 2017) as compared to 5.28 per cent (provisional) for the previous month and 4.02 per cent during the corresponding month of the previous year,” the ministry said in its review of “Index Numbers of Wholesale Price in India” for November. Also Read - WPI Index Rises To 4.17 Per Cent. Here's How It Impacts Us

“Build up inflation rate in the financial year so far was 4.73 per cent compared to a build up rate of 2.83 per cent in the corresponding period of the previous year.”

(This is published unedited from IANS)