WPI inflation eases to 1.22 per cent in December

Image Source : 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 Price Index (WPI) was 1.55 per cent in November 2020, and a couple of.76 per cent in December 2019.

The price of inflation primarily based on WPI Food Index decreased from 4.27 per cent in November 2020, to 0.92 per cent in December 2020, as per the info launched by the Department for Promotion of Industry and Internal Trade.

“The food index consisting of food articles from primary articles group and food product from manufactured products group has decreased from 158.9 in November 2020 to 154.4 in December 2020,” mentioned an official assertion.

It is to be famous right here that retail inflation had additionally dropped sharply to 4.59 per cent in December, primarily attributable to declining meals costs.

The main articles inflation was at minus 1.61 per cent versus 2.72 per cent month-on-month and manufactured merchandise inflation at 4.24 per cent versus 2.97 per cent.

For manufactured merchandise with a weightage of 64.23 per cent, the index elevated by 1.4 per cent to 123 in December from 121.3 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; laptop, digital and optical merchandise; fabricated metallic merchandise besides equipment and tools; fundamental metals; different non-metallic mineral merchandise; rubber and plastics merchandise; chemical compounds and chemical merchandise; printing and replica of recorded media; paper and paper merchandise; textiles; tobacco merchandise; and meals merchandise.
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