WPI inflation eases to 1.22 per cent in December

Picture Supply : ANI

WPI inflation eases to 1.22 per cent in December

The wholesale price-based inflation slowed to 1.22 per cent in December on easing meals costs, as per authorities knowledge launched on Thursday.

The inflation primarily based on Wholesale Value Index (WPI) was 1.55 per cent in November 2020, and a pair of.76 per cent in December 2019.

The speed of inflation primarily based on WPI Meals Index decreased from four.27 per cent in November 2020, to zero.92 per cent in December 2020, as per the information launched by the Division for Promotion of Business and Inner Commerce.

“The meals index consisting of meals articles from major articles group and meals product from manufactured merchandise group has decreased from 158.9 in November 2020 to 154.four in December 2020,” mentioned an official assertion.

It’s to be famous right here that retail inflation had additionally dropped sharply to four.59 per cent in December, primarily because of declining meals costs.

The first articles inflation was at minus 1.61 per cent versus 2.72 per cent month-on-month and manufactured merchandise inflation at four.24 per cent versus 2.97 per cent.

For manufactured merchandise with a weightage of 64.23 per cent, the index elevated by 1.four per cent to 123 in December from 121.three in November.

A complete of 16 teams that witnessed a rise in costs are manufacture of furnishings; different transport tools; motor autos, trailers and semi-trailers; equipment and tools; electrical tools; pc, digital and optical merchandise; fabricated steel merchandise besides equipment and tools; primary metals; different non-metallic mineral merchandise; rubber and plastics merchandise; chemical compounds and chemical merchandise; printing and copy of recorded media; paper and paper merchandise; textiles; tobacco merchandise; and meals merchandise.

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