Inflation based on wholesale price index slowed to 1.22 per cent in December
Inflation based on the wholesale price index slowed to 1.22 per cent in December on lower food prices, especially kitchen staples such as onion and potato. WPI was 1.55 per cent in November 2020 and 2.76 per cent in December 2019.
The rate of inflation based on WPI Food Index decreased from 4.27 per cent in November 2020 to 0.92 per cent in December 2020, government data showed on Thursday.
However, manufacturing inflation rose to a two year high of 4.24 per cent.