Wholesale inflation rises to 7-month high of 2.59% on costlier vegetables

The core deflation indicates slowing growth in the manufacturing category

CPI inflation

Indivjal Dhasmana New Delhi
The wholesale price-based inflation rate rose to a seven-month high of 2.59 per cent after prices remained almost flat for the previous three months. 

Like its retail counterpart, inflation in food items drove up the inflation rate that had stood at 0.58 per cent in the previous month, zero per cent in October and 0.33 per cent in September. The inflation had stood bit higher at 3.46 per cent in December, 2018.

Since food items have relatively lower weightage at 15 per cent in the wholesale price index (WPI), compared to 45 per cent in the consumer price index (CPI), the inflation rate in the former still seemed moderate in December compared to over five-year high of 7.35 per cent in the

First Published: Jan 14 2020 | 9:45 PM IST

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