Wholesale inflation down to 1.22% in December

Wholesale inflation down to 1.22% in December

After consumer’s inflation, producer’s inflation, too, registered a decline in December. However, Core Inflation (Inflation excluding volatile items such as food and fuel) remained very high dousing any possibility of policy interest rate revision. Rate of producer’s inflation based on Wholesale Price Index (WPI) stood at 1.22 per cent in December as against 1.55 per cent in November.

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