Wholesale inflation surges to 2.59% in December


NEW DELHI: Wholesale prices based inflation surged to 2.59 per cent in December, as against 0.58 per cent in November due to increase in prices of food articles like onion and potato.

The annual inflation, based on monthly wholesale price index (WPI), was at 3.46 per cent during the same month a year ago (December 2018).

The rate of price rise for food articles rose to 13.12 per cent during December as against 11 per cent a month earlier, while for non-food articles it rose nearly four-fold to 7.72 per cent from 1.93 per cent in November, showed the data released by the ministry of commerce and industry on Tuesday.

Among food articles, vegetable prices surged by 69.69 per cent mainly on account of onion, which witnessed 455.83 per cent jump in prices, followed by potato at 44.97 per cent.

The consumer price index based retail inflation, as per data released on Monday, spiked to over a 5-year high of 7.35 per cent in December due to costlier food products.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Discover

Sponsor

Latest

Pervez Musharraf: Pakistan court issues notice to government on Pervez Musharraf’s plea to halt high treason trial | World News

LAHORE: The Lahore high court on Monday issued a notice to the federal government on former military ruler of Pakistan Pervez Musharraf's plea...

On PM Modi’s Taali, Thali Bajao Appeal, A Swipe From Shiv Sena

Sanjay Raut said If the government shows seriousness, people will act accordingly (File)Mumbai: In a dig at Prime Minister Narendra Modi over his...

PETRICE Multipurpose Microfibre Wash and Dry Cleaning Sponge (Blue)

Price: (as of - Details) Product Description ...
%d bloggers like this: