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WPI inflation eases to 13.56% in December

WPI inflation eases to 13.56% in December

BRAND-NEW DELHI: The wholesale price-based inflation bucked the 4-month increasing trend in December 2021, and eased to 13.56 percent, generally on account of softening in fuel, power and production items although food costs solidified.
WPI inflation has stayed in double digits for the ninth successive month starting April. Inflation in November was 14.23 percent, while in December 2020 it was 1.95 per cent.
“The high rate of inflation in December 2021 is mostly due to rise in prices of mineral oils, fundamental metals, unrefined petroleum & & gas, chemicals and chemical items, foodstuff, fabric and paper and paper items and so on as compared to the corresponding month of the previous year,” the commerce and industry ministry said in a statement.
Inflation in made products was lower at 10.62 percent in December, against 11.92 per cent in the previous month.
In fuel and power basket the rate of rate rise was 32.30 per cent in December, against 39.81 per cent in November.
Inflation in food posts, nevertheless, saw an uptick on a month-on-month basis at 9.56 percent in December, versus 4.88 percent in November. Vegetable rate increase rate surged to 31.56 per cent, versus 3.91 per cent in the previous month.
Information launched earlier today revealed, retail inflation based on Customer Rate Index (Combined) increased to 5.59 percent in December, from 4.91 percent a month earlier as food rates inched up.

Released at Fri, 14 Jan 2022 15:44:44 +0000

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