Thursday, January 14, 2021
The wholesale price-based inflation slowed to 1.22 percent in December on easing food prices, as per government data released today(14th January 2020).
The inflation based on the Wholesale Price Index (WPI) was 1.55 percent in November 2020, and 2.76 percent in December 2019.
The rate of inflation based on the WPI Food Index decreased from 4.27 percent in November 2020, to 0.92 percent in December 2020, as per the data released by the Department for Promotion of Industry and Internal Trade.
It is to be noted here that retail inflation had also dropped sharply to 4.59 percent in December, mainly due to declining food prices.
