Wholesale inflation falls to 3.80% in December
Wholesale inflation in food rose to 0.07 percent as against a -1.96 percent in November 2018. WPI inflation in primary articles also rose to 2.28 percent versus 0.88 percent in the previous month.
India's wholesale price index (WPI) based inflation fell to 3.80 percent in December 2018 as against 4.64 percent in November 2018, helped by a smaller increase in food and fuel prices, government data showed on Monday.
Wholesale inflation in food rose to 0.07 percent as against a -1.96 percent in November 2018. WPI inflation in primary articles also rose to 2.28 percent versus 0.88 percent in the previous month.
source: tradingeconomics.com
The non-food articles inflation stood at 4.45 percent in December 2018, compared to 6.40 percent in the previous month.
The Ministry of Commerce and Industry revised the wholesale inflation data for October 2018 to 5.54 percent from 5.28 percent.
Data released by the government showed fuel and power inflation slumped to 8.38 percent as against 16.28 percent in November 2018. This was on account of lowering of prices of petrol and diesel through December.
Individually, in petrol and diesel inflation was 1.57 per cent and 8.61 per cent, respectively, and for liquified petroleum gas (LPG) it was 6.87 per cent during December.
The 3.80 percent inflation is the lowest in 8 months, and a lower inflation than this was last seen in April at 3.62 percent.
A CNBC-TV18 poll suggested that December WPI is expected to be 4.57 percent compared to 4.6 percent in November.
Analysts on an average expected wholesale inflation to be in the range of 4.10 percent to 5 percent. Core inflation data in December was expected to softened on a month-over-month basis on account of softening industrial commodities, the analysts added.
First Published: Jan 14, 2019 12:04 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024: I.N.D.I.A. bloc to hold rally at Mumbai's BKC today
May 17, 2024 5:18 PM
In Ayodhya, voters talk of a promise fulfilled and yearning for development
May 17, 2024 2:10 PM
Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 12:25 PM
Odisha: Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 10:22 AM