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 information launched on Thursday.

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

The speed of inflation based mostly on WPI Meals 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 Division for Promotion of Business and Inner Commerce.

“The meals index consisting of meals articles from main articles group and meals product from manufactured merchandise group has decreased from 158.9 in November 2020 to 154.4 in December 2020,” stated an official assertion.

It’s to be famous right here that retail inflation had additionally dropped sharply to 4.59 per cent in December, primarily due to 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 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 gear; motor autos, trailers and semi-trailers; equipment and gear; electrical gear; laptop, digital and optical merchandise; fabricated steel merchandise besides equipment and gear; 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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