New Delhi: Wholesale inflation (WPI) fell to a nine-month low of 3.8% in the month of December as against 4.64% in the month of Novembers.
The lower reading in WPI numbers for the month of December was led by primary articles, food article, which run in negative. Inflation for primary articles, which constitute 22.62% of the overall WPI basket declined 2.28% while food inflation stood at negative 0.07% and fuel & power inflation rose by 8.38% in December 2018.
“The index for ‘Food Articles’ group declined by 1.4 percent to 144.0 (provisional) from 146.1 (provisional) for the previous month due to lower price of fruits & vegetables (8%), peas/chawali (7%), condiments & spices (2%) and paddy (1%). However, the price of betel leaves (14%), arhar (9%), maize and poultry chicken (6% each), gram, fish-marine and urad (4% each), jowar and masur (3% each), bajra and coffee (2% each) and rajma, pork, moong, fish-inland, barley, ragi and tea (1% each) moved up,” govt said in a release on Monday.
Inflation for manufactured products, which constitutes over 64% of the WPI basket, rose 2.79% in December.
Meanwhile, the govt revised the WPI number for the month of October to 5.54% as against the provisional figure of 5.28%.
Including December WPI numbers, the build-up inflation rate in the current financial year so far stands at 3.27% as against 2.21% in the corresponding period of the previous year, govt data showed on Monday.