 "WPI inflation softens to 3-month low of 3.58%, divergent behaviour with CPI inflation")
Contrary to hefty increase in the rate of rise in consumer prices, the Wholesale Price Index (WPI)-based inflation eased to a three-month low of 3.58 per cent in December, down from 3.93 per cent the month before.
Earlier, data from the Central Statistics Office showed Consumer Price Index (CPI)-based inflation had risen to a 17-month high of 5.21 per cent in December, up from 4.88 per cent in November.
“The divergence in the sequential trend in CPI and WPI inflation in December was driven by food inflation and the impact of the higher housing inflation, limited to the
Earlier, data from the Central Statistics Office showed Consumer Price Index (CPI)-based inflation had risen to a 17-month high of 5.21 per cent in December, up from 4.88 per cent in November.
“The divergence in the sequential trend in CPI and WPI inflation in December was driven by food inflation and the impact of the higher housing inflation, limited to the
