WPI inflation rises to 3.39% in December 2016

Rise in December WPI is in contrast to a marginal decline in Consumer Price Index for the month

The Wholesale Price Index (WPI)-based inflation for December rose to 3.39 per cent from 3.15 per cent in November, with rising prices of petrol and diesel. In December 2015, WPI inflation was a negative 1.06 per cent.

Data from the commerce ministry showed while food prices fell in December by 0.7 per cent, compared with a rise of 1.54 per cent in November, diesel rose 20.25 per cent and petrol by 8.52 per cent. The overall inflation index of the fuel and power segment rose 8.65 per cent.

This rise in the December WPI is in contrast to a marginal