Now, Wholesale Inflation Touches A 7-Month High Of 2.59% In Dec

The Hindu Business Line|January 15, 2020

Now, Wholesale Inflation Touches A 7-Month High Of 2.59% In Dec
Surge in WPI due to rise in prices of vegetables, pulses

The rate of inflation at the wholesale level surged to a seven-month high of 2.59 percent in December. As with retail inflation, the rise in prices of food products, especially vegetables and pulses, was the main reason for the spurt.

The Wholesale Price Index (WPI), also known as producers’ inflation, reflects higher realizations for producers. Technically, there are good prospects of producers investing more as they will have surplus money as well as the motivation to expand their existing capacity. However, the bad news is that the surge in the index is not on account of manufacturing.

Ginger-onion-potato impact

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January 15, 2020