December wholesale inflation moderately cools to 13.56%

WPI inflation remained in double digits for the ninth consecutive month starting April.

New Delhi: Wholesale price-based inflation eased a 4-month rising trend in December 2021, and eased to 13.56 per cent, mainly due to softening in fuel, power and manufacturing items, even as food prices tightened.

WPI inflation remained in double digits for the ninth consecutive month starting April. Inflation rate in November was 14.23 percent, while in December 2020 it was 1.95 percent.

“The higher rate of inflation in December 2021 is mainly due to increase in prices of mineral oils, base metals, crude petroleum and natural gas, chemical and chemical products, food products, textiles and paper and paper products etc. as compared to the same month. of the previous year,” the Ministry of Commerce and Industry said in a statement.

Inflation in manufactured goods eased to 10.62 per cent in December from 11.92 per cent in the previous month.

The rate of increase in fuel and electricity prices was 32.30 per cent in December, as against 39.81 per cent in November.

However, inflation in food articles rose to 9.56 per cent on a month-on-month basis in December from 4.88 per cent in November. The rate of growth in vegetable prices increased to 31.56 per cent, from 3.91 per cent in the previous month.

Data released earlier this week showed retail inflation based on the Consumer Price Index (combined) rose to 5.59 per cent in December from 4.91 per cent a month ago, as food prices picked up.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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