Inflation moderates to 1.22% in Dec

New Delhi, January 14

The wholesale price-based inflation moderated to 1.22% in December as prices of onion and potato eased, as per a government data released on Thursday.

The Wholesale Price Index (WPI) inflation was 1.55% in November 2020, and 2.76% in December 2019.

“The rate of inflation based on WPI Food Index decreased from 4.27% in November 2020, to 0.92% in December 2020,” as per the data released by the Department for Promotion of Industry and Internal Trade.

The rate of price rise on wholesale basis in the vegetables basket declined to

(-) 13.2% in December, as against 12.24% inflation in the preceding month.

The data showed onion prices contracted by 54.69% in December, as against a decline of 7.58% in November. The inflation in potato eased to 37.75% in December from 115.12% in November. The inflation in cereals, paddy, wheat and pulses, also eased in December over the previous month. — PTI

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