December wholesale inflation slows to 1.22%

The wholesale price-based inflation slowed to 1.22 per cent in December on easing meals costs, as per authorities knowledge launched on Thursday.
The inflation based mostly on Wholesale Price Index (WPI) was 1.55 per cent in November 2020, and a pair of.76 per cent in December 2019.

The fee of inflation based mostly on WPI Food Index decreased from 4.27 per cent in November 2020, to 0.92 per cent in December 2020, as per the information launched by the Department for Promotion of Industry and Internal Trade.
It is to be famous right here that retail inflation had additionally dropped sharply to 4.59 per cent in December, primarily as a consequence of declining meals costs.