Wholesale inflation at 8-month high in December

Sharp rise in onion and potato prices to blame

Wholesale inflation at 8-month high in December

New Delhi, January 14

Wholesale prices-based inflation surged to an eight-month high of 2.59% in December, as against 0.58% in November due to sharp rise in prices of food articles like onion and potato.

The annual inflation, based on monthly wholesale price index (WPI), was recorded at 3.24% in April 2019. WPI was at 3.46% during December 2018.

Veggies dearer 70%

  • The rate of price rise for food articles rose to 13.12% during December as against 11% a month earlier, while for non-food articles it rose nearly four-fold to 7.72% from 1.93% in November
  • Among food articles, vegetable prices surged by 69.69%, mainly on account of onion, which witnessed 455.83% jump in prices, followed by potato at 44.97%

Build up inflation rate in the financial year so far was 2.42% compared to a build up rate of 2.92% in the corresponding period of the previous year, as per data released by the Office of Economic Adviser, Ministry of Commerce & Industry today.

The rate of price rise for food articles rose to 13.12% during December as against 11% a month earlier, while for non-food articles it rose nearly four-fold to 7.72% from 1.93% in November.

Among food articles, vegetable prices surged by 69.69%, mainly on account of onion, which witnessed 455.83% jump in prices, followed by potato at 44.97%. — PTI

Top Stories

Opposition to boycott Rajya Sabha till suspension of 8 members is revoked: Azad

Opposition to boycott Rajya Sabha till suspension of 8 members is revoked: Azad

Azad also demanded that the government brings a bill which s...

Rajya Sabha deputy chairman anguished at ‘humiliating’ conduct in House, announces 24-hour fast

Rajya Sabha deputy chairman anguished at ‘humiliating’ conduct in House, announces 24-hour fast

RS deputy chairman Harivansh says his fast begins from Tuesd...

Harivansh brings tea for protesting MPs; told he was in the wrong; PM praises him

Harivansh brings tea for protesting MPs; told he was in the wrong; PM praises him

The suspended parliamentarians spent the night in the lawns ...

75,083 Covid cases push national tally to over 55 lakh

75,083 Covid cases push national tally to over 55 lakh

1,053 more fatalities take death toll to 88,935

SAD to do ‘chakka jam’ for 3 hours on Sept 25 against farm legislations

SAD to do ‘chakka jam’ for 3 hours on Sept 25 against farm legislations

Senior leaders will lead the protests in their constituencie...

Cities

View All