 "Headline inflation trips on food, but core intact: CRISIL Inflation Tracker")
Inflation based on the Wholesale Price Index (WPI) eased to 3.6 per cent in December, reversing a four-month run-up. In November, WPI inflation was at 3.9 per cent.
The dip was led by an easing in food inflation, and mildly lower core inflation – the latter reflecting weak pricing power of manufacturers. Fuel inflation surged higher, while manufactured products’ inflation stayed unchanged for the third month in a row.
Curiously, the two inflation measures – WPI and Consumer Price Index (CPI) – saw a divergence in December.
CPI inflation rose to 5.2 per cent, from 4.9 per cent in November, driven by three
