India’s wholesale price inflation up in December

inflation

New Delhi, January 16: Despite 33 percent fall in vegetable prices, India’s annual inflation based on wholesale prices rose to 3.39 percent in December 2016 from 3.15 per cent.

The rise is attributed to increase in manufactured products and fuel prices. Just in last six weeks petrol prices have been increased four times.

As per data on wholesale price index released by the Central Statistics Office (CSO), the inflation for food articles was (-) 0.70 percent against 1.54 percent in November. For fuels, it was 8.65 per cent against 7.07 per cent, and for manufactures products, it was 3.67 per cent against 3.20 per cent.

Wefornews Bureau

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