Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Wholesale Inflation at 8-Month Low of 3.80% in December on Softening Fuel, Food Prices

Individually, in petrol and diesel inflation was 1.57 per cent and 8.61 per cent, respectively, and for liquified petroleum gas (LPG) it was 6.87 per cent during December.

PTI

Updated:January 14, 2019, 12:31 PM IST
facebookTwitterskypewhatsapp
Wholesale Inflation at 8-Month Low of 3.80% in December on Softening Fuel, Food Prices
Image for Representation.
Loading...

New Delhi: Inflation based on wholesale prices fell to a 8-month low of 3.80 per cent in December, 2018, on softening prices of fuel and some food items.

The Wholesale Price Index (WPI)-based inflation stood at 4.64 per cent in November, 2018, and 3.58 per cent in December 2017.

According to the government data released Monday, deflation in food articles stood at 0.07 per cent in December, against 3.31 per cent in November.

Vegetables, too, saw deflation at 17.55 per cent in December, compared to 26.98 per cent in the previous month.

Inflation in the 'fuel and power' basket in December slumped to 8.38 per cent, nearly half of 16.28 per cent in November.

This was on account of lowering of prices of petrol and diesel through December.

Individually, in petrol and diesel inflation was 1.57 per cent and 8.61 per cent, respectively, and for liquified petroleum gas (LPG) it was 6.87 per cent during December.

Among food articles, potato prices became cheaper substantially with inflation at 48.68 per cent in December, as against 86.45 per cent in November.

Inflation in pulses stood at 2.11 per cent, while in 'egg, meat and fish' it was 4.55 per cent.

Onion witnessed deflation of 63.83 per cent in December, compared to 47.60 per cent in November.

The 3.80 per cent inflation is the lowest in 8 months, and a lower inflation than this was last seen in April at 3.62 per cent.

Data for retail or consumer price index-based inflation would be released later in the day.

The Reserve Bank of India (RBI) mainly takes into account retail inflation data while formulating monetary policy.

In its fifth monetary policy review for the fiscal, last month, the Reserve Bank kept interest rates unchanged, but held out a promise to cut them if the upside risks to inflation do not materialise.

The central bank lowered retail inflation projection to 2.7-3.2 per cent for the second half of the current fiscal, citing normal monsoon and moderate food prices.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 612.25 -1.50
Yes Bank 113.05 2.73
Axis Bank 788.60 0.89
Reliance 1,294.15 -0.13
Tata Steel 510.60 2.53
Company Price Change %Gain
HDFC Bank 2,467.10 1.58
Bharti Airtel 345.35 -0.89
Indiabulls Hsg 612.05 -1.56
Yes Bank 113.10 2.77
SBI Life Insura 716.55 6.17
Top Gainers
Company Price Change %Gain
Vedanta 177.85 4.40
Power Grid Corp 209.65 3.99
JSW Steel 277.15 3.78
Sun Pharma 399.45 3.55
Hindalco 208.35 2.89
Company Price Change %Gain
Vedanta 177.85 4.40
Power Grid Corp 209.85 4.12
Sun Pharma 399.30 3.59
Yes Bank 113.10 2.77
Tata Steel 510.50 2.59
Top Losers
Company Price Change %Gain
Britannia 2,732.90 -2.66
Indiabulls Hsg 612.25 -1.50
Infosys 739.20 -1.19
IndusInd Bank 1,434.80 -1.02
Bharti Airtel 345.55 -0.87
Company Price Change %Gain
Infosys 739.65 -1.12
IndusInd Bank 1,435.30 -1.02
Bharti Airtel 345.35 -0.89
Maruti Suzuki 6,477.00 -0.68
TCS 2,253.70 -0.58

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results