INSUBCONTINENT EXCLUSIVE:
WPI inflation stood at 13.56 per cent in December 2021, showed government data today
The rate of inflation, based on the monthly wholesale price index (WPI), stood at 13.56 per cent for December 2021,
compared to 1.9 per cent in the corresponding month of 2020, government data showed on Friday, January 14
Along with this, retail inflation also rose to 5.59 per cent in December, tracking a sharp rise in food prices
The next WPI inflation data will be released after Budget 2022 - scheduled to be presented on February 1
The country's annual wholesale price-based inflation eased marginally in December to 13.56 per cent, but remained in double
(November 2021) - which was the highest in more than a decade, government data showed on Friday.The data for wholesale inflation - or the
rate of increase in wholesale prices, comes at a time when the rising COVID-19 cases - including that of the Omicron variant, has posed a
cent in December, against 4.88 per cent in November
The vegetable price rise rate spiked to 31.56 per cent, compared to 3.91 per cent in the previous month.The rising input costs for products
such as fuel, metals and chemicals have pushed up wholesale prices, a proxy for the producers' prices, in recent months.Wholesale fuel and
meeting last month as economic growth remains a challenge amid rising COVID-19 cases.The RBI - which mainly factors in retail inflation
while arriving at its bi-monthly monetary policy, expects the inflation print to be somewhat higher over the rest of the year as base
push domestic prices even higher in the next few months before easing in the second half of the year.
