New Delhi: Wholesale price-based inflation slapped the trend of a 4-month increase in December 2021, and fell by 13.56 percent, mainly due to softening fuel, power and manufacturing items even though the price of food hardened.
WPI inflation remains in two digits for the ninth month in a row starting April.
Inflation in November was 14.23 percent, while in December 2020 it was 1.95 percent.
“The high inflation rate in December 2021 mainly due to the increase in mineral oil prices, basic metals, crude oil & natural gas, chemicals and chemical products, food products, textiles and paper paper etc.
compared to the month according to the previous year,” Trade and Ministry industry in a statement.
Inflation in manufacturing goods was lower at 10.62 percent in December, against 11.92 percent in the previous month.
In fuel and the power basket, the price increase rate was 32.30 percent in December, against 39.81 percent in November.
However, inflation in food articles, witnessed the uptick on a month-to-month basis at 9.56 percent in December, against 4.88 percent in November.
The rate of rising vegetable prices jumped to 31.56 percent, against 3.91 percent in the previous month.
The data released earlier this week showed retail inflation based on the consumer price index (combination) rose to 5.59 percent in December, from 4.91 percent a month ago because the price of food inched.