Indias December wholesale inflation slows to 1.22% as food prices ease – Business Standard

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A labourer prepares to unload sacks of potatoes from a truck at a wholesale vegetable and fruit market in New Delhi

The wholesale price-based inflation slowed to 1.22 per cent in December on easing food prices, as per government data released on Thursday.

The inflation based on Wholesale Price Index (WPI) was 1.55 per cent in November 2020, and 2.76 per cent in December 2019.

The rate of inflation 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 data released by the Department for Promotion of Industry and Internal Trade.

It is to be noted here that retail inflation had also dropped sharply to 4.59 per cent in December, mainly due to declining food prices.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Source: Thanks https://www.business-standard.com/article/economy-policy/india-s-december-wholesale-inflation-slows-to-1-22-as-food-prices-ease-121011400467_1.html