WPI Inflation eases to 8 month low at 3.8% on lower food,fuel prices

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BiznextIndia: The Wholesale prices index in India eases to 8-month low at 3.8 percent in December 2018, compared to 4.64 percent in November due to lower food and fuel prices, according to the data released by the Commerce and Industry Ministry today.

Inflation for October was revised to 5.54 percent from 5.28 percent. The Wholesale Price Index (WPI) is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices. WPI grew 3.58 percent in December 2017.

The index for ‘Food Articles’ group declined by 1.4 percent to 144.0 (provisional) from 146.1 (provisional) for the previous month due to lower price of fruits & vegetables (8%), peas/chawali (7%), condiments & spices (2%) and paddy (1%). The index for ‘Crude Petroleum & Natural Gas’ group declined by 11.9 percent to 91.7 (provisional) from 104.1 (provisional) for the previous month due to lower price of crude petroleum (16%).

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