India December Wholesale Inflation Slows to 8-Month Low
Wholesale prices in India rose by 3.8 percent year-on-year in December 2018, slowing from a 4.64 percent gain in the prior month and below than market estimates of 4.42 percent. It was the lowest wholesale inflation since April, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further.
1/14/2019 10:17:52 AM
In December, cost went up at a softer pace for fuel & power (8.38 percent vs 16.28 percent in November) and manufactured products (3.59 percent vs 4.21 percent), amid slowing prices of basic metals (9.33 percent vs 12.44 percent), food products (0.24 percent vs 0.7 percent), chemical & chemical products (6.01 percent vs 7.47 percent) and textiles (5.30 percent vs 5.49 percent).
Meanwhile, prices of primary articles rose faster (2.28 percent vs 0.88 percent in a month earlier), including cereals (7.59 percent vs 7.23 percent), wheat (9.61 percent vs 9.18 percent) and minerals (14.89 percent vs 6.97 percent). Also, cost fell less for food articles (-0.07 percent vs -3.31 percent) and vegetables (-17.55 percent vs 26.98 percent).
On a monthly basis, wholesale prices decreased by 1.40 percent, following a 0.1 percent rise in November.