For Quick Alerts
For Daily Alerts

India's December WPI Comes Lower At 3.8%; Sharp Drop In Fuel Rates Help


India's wholesale price index (WPI) for the December month came in weak at 3.8%,, that compares with the 4.64% for November month. There has been seen a marginal increase in food inflation over deflation recorded for the prior month.

India's December WPI Comes Lower At 3.8%; Sharp Drop In Fuel Rates Help

Also, the inflation on account of brent crude oil has declined that will impact the core inflation positively. Fuel and power inflation came in lower at 8.38%, just half in comparison to what was recorded in the previous month of 16.28%.

Increase in food inflation is just due to the seasonality and is recorded at 0.07% in comparison to -1.96% in November 2018.

Primary article inflation also surged to 2.28% in comparison to 0.88% for the previous month.

Non-food articles inflation however came in lower at 4.45% vs 6.40% in the month of November.

In the month of April last year, the lower inflation than the current numbers had been recorded at 3.62%.

CPI inflation is due to be announced later during the day and as food inflation has a higher weightage experts estimate it to come in at 2.37% vs 2.33% reported for the previous month.

Read more about: inflation wpi inflation fuel
Story first published: Monday, January 14, 2019, 13:14 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more