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WPI inflation eases to 13.56% in December: Govt data

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India's wholesale price index (WPI) inflation has eased to 13.56 percent in December from 14.23 percent in November, government data showed.

WPI inflation eases to 13.56% in December: Govt data
India's wholesale price index (WPI) inflation has eased to 13.56 percent in December from 14.23 percent in November, government data showed.
The WPI for October was revised to 13.83 percent from 12.54 percent, the data showed. The WPI in December 2020 was at 1.95 percent.
"The high rate of inflation in December 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals and chemical products, food products, textile and paper and paper products etc as compared to the corresponding month of the previous year," the Commerce and Industry Ministry said in a statement.
Inflation in manufactured items was lower at 10.62 percent in December, against 11.92 percent in the previous month.
In fuel and power basket the rate of price rise was 32.30 percent in December, against 39.81 percent in November. Inflation in food articles, however, witnessed an uptick on a month-on-month basis at 9.56 percent in December, against 4.88 percent in November.
Vegetable price rise rate spiked to 31.56 per cent, against 3.91 percent in the previous month.
Data released earlier this week showed, retail inflation based on Consumer Price Index (Combined) rose to 5.59 per cent in December, from 4.91 per cent a month ago as food prices inched up.
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