Business News

India’s wholesale price inflation witnessed a marginal increase in December

India’s wholesale price inflation witnessed a marginal increase in December

New Delhi: Even as vegetable prices plummeted 33 per cent, India’s annual inflation based on wholesale prices rose marginally to 3.39 percent in December 2016 from 3.15 per cent for the month before, due to hardening of manufactured products and fuel prices.

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.

PTI