WPI inflation fell to 13.56% in December; Prices of food items and vegetables are on the rise

New Delhi: Wholesale price-based inflation eased to a four-month high in December 2021 and fell to 13.56 per cent despite tightening food prices, mainly due to softening in fuel, power and manufacturing items.
WPI inflation It has been in double digits for the ninth consecutive month starting in April. Inflation was 14.23 per cent in November, compared to 1.95 per cent in December 2020.
“The high rate of inflation in December 2021 as compared to the corresponding month is mainly due to increase in prices of mineral oil, basic metals, crude petroleum and natural gas, chemicals and chemical products, food products, textiles and paper and paper products.” And the industry ministry said in a statement.
Inflation in manufactured goods fell to 10.62 per cent in December from 11.92 per cent in the previous month.
Inflation in the fuel and power basket was 32.30 per cent in December, up from 39.81 per cent in November.
Food inflation, however, rose to 9.56 per cent on a month-on-month basis in December from 4.88 per cent in November. Vegetable prices rose 31.56 per cent from 3.91 per cent in the previous month.
Data released earlier this week showed that retail inflation based on the Consumer Price Index (composite) rose to 5.59 per cent in December from 4.91 per cent a month earlier due to higher food prices.


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