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
Associate PartnerAssociate Partner
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

WPI Inflation Rises to 3.39% in Dec, But Food Prices Cool

Wholesale inflation broke the 3-month declining trend and rose to 3.39 per cent in December 2016, mainly due to rise in prices of manufactured items, even as food articles turned cheaper.

Press Trust Of India

Updated:January 16, 2017, 1:51 PM IST
facebookTwitterskypewhatsapp
WPI Inflation Rises to 3.39% in Dec, But Food Prices Cool
A trader displays a fish to customers at a wholesale fish market in Kolkata/Reuters

New Delhi: Wholesale inflation broke the 3-month declining trend and rose to 3.39 percent in December 2016, mainly due to rise in prices of manufactured items, even as food articles turned cheaper.

The wholesale price index-based inflation, reflecting the annual rate of price rise, in November stood at 3.15 percent.

In December 2015, the print was (-) 1.06 per cent. WPI inflation in vegetables, at (-) 33.11 percent in December, saw deflationary pressure for the fourth consecutive month. This was helped by a substantial price fall in onions, which stood at (-) 37.20 percent.

Pulse inflation continued to rule high at 18.12 percent in December, according to commerce ministry data.

Potato recorded maximum inflationary pressure at 26.42 percent. Rate of price increase in egg, meat and fish was 2.73 per cent during the month.

Overall, the food inflation basket witnessed contraction, with inflation at (-) 0.70 percent in December as against 1.54 per cent in November.

Inflation in fuel and power and manufactured items saw some uptick, which pushed up the overall WPI inflation in December.

The reading for manufactured articles was 3.67 percent compared with 3.20 per cent in the previous month. Inflation in the fuel and power segment was 8.65 per cent in December, up from 7.07 percent in November.

While the rate of price rise in sugar was 28.04 percent, for petrol, it was 8.52 percent, and 20.25 percent for high speed diesel.

The WPI inflation for October has been revised upwards at 3.79 percent against the provisional estimate of 3.39 percent.

The decline in wholesale inflation is in contrast to the fall in retail inflation, which hit a three-year low of 3.41 percent in December.

The monetary policy committee headed by RBI Governor Urjit Patel had last month held interest rates steady and said demonetisation of high-value currency notes could lower prices of perishables and reduce CPI inflation by 10-15 basis points by December.

RBI has projected March 2017 CPI inflation to be 5 percent.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Sujit Nath
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 643.55 -16.19
Yes Bank 51.80 0.78
Bajaj Finance 4,034.15 -2.50
Reliance 1,414.15 -0.16
Indiabulls Hsg 218.00 -5.71
Company Price Change %Gain
Infosys 643.30 -16.21
Yes Bank 51.80 0.78
Indiabulls Hsg 218.20 -5.75
HDFC 2,115.95 0.98
Reliance 1,414.25 -0.07
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,810.75 3.15
ICICI Bank 451.15 3.05
BPCL 534.10 2.65
Titan Company 1,329.45 2.22
Cipla 453.90 2.20
Company Price Change %Gain
ICICI Bank 451.15 3.06
Coal India 208.80 1.38
Power Grid Corp 204.95 1.18
Bajaj Auto 3,123.30 1.15
Hero Motocorp 2,673.40 1.04
Top Losers
Company Price Change %Gain
Infosys 643.55 -16.19
Tata Motors 131.75 -3.73
Bajaj Finserv 8,008.85 -3.11
HCL Tech 1,064.45 -2.83
Bajaj Finance 4,034.15 -2.50
Company Price Change %Gain
Infosys 643.30 -16.21
Tata Motors 131.90 -3.51
HCL Tech 1,064.45 -2.87
Bajaj Finance 4,031.95 -2.56
Bharti Airtel 374.20 -2.36

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results