December WPI inflation eases to 3.58 percent
Mon Jan 15 2018
Rajesh Sharma (1997 articles)

December WPI inflation eases to 3.58 percent

 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.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.