New Delhi, Jan 14 (IANS) India’s annual rate of inflation based on wholesale prices skyrocketed to 2.59 per cent in December from 0.58 per cent in November, official data showed on Tuesday.
However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend during December 2019, as inflation had risen to 3.46 per cent during the corresponding period of 2018.
“Build up inflation rate in the financial year so far was 2.42 per cent compared to a build up rate of 2.92 per cent in the corresponding period of the previous year,” the ministry said in its review of ‘Index Numbers of Wholesale Price in India’ for December.
–IANS
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