Business Standard

December WPI inflation eases to 3.58 percent

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's annual wholesale price inflation eased in December from an eight-month high touched in November, driven by slower rises in food prices, government data showed on Monday.

Annual wholesale price inflation last month slowed to 3.58 percent from a year earlier, from a provisional 3.93 percent rise in November.

The rise compares with a 4.00 percent increase forecast by economists in a Reuters poll.

Wholesale food prices in December rose 2.91 percent year-on-year, compared with a 4.10 percent rise a month earlier, the data showed.

(Reporting by Malini Menon; Editing by Sanjeev Miglani)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 15 2018 | 3:31 PM IST

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