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WPI Inflation: Big relief to the common man, wholesale inflation came down to 13.56 percent in December

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Business Desk, Amar Ujala, New Delhi

Published by: Deepak Chaturvedi
Updated Fri, 14 Jan 2022 12:52 PM IST

Summary

Wholesale Price Based Inflation Came Down: This time the common people of the country, who are facing inflation, have got some relief. Indeed, wholesale price-based inflation has moderated in December 2021. It has come down to 13.56 percent, from a high of 14.23 percent in November 2021 in the previous month. Significantly, this November high level of wholesale inflation was the highest in the last 12 years.

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– Photo : Amar Ujala (File Photo)

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Scope

The common people of the country, who are facing inflation, have got some relief this time. Indeed, wholesale price-based inflation has moderated in December 2021. It has come down to 13.56 percent, from a high of 14.23 percent in November 2021 in the previous month. Significantly, this November high level of wholesale inflation was the highest in the last 12 years. The wholesale inflation data was presented by the government on Friday.

No relief at retail inflation level

Let us inform that the common people of the country had recently suffered a major setback when the December retail inflation data was presented. It is worth noting that the retail inflation rate has increased to 5.59 per cent from 4.91 per cent in November. This figure of retail inflation is a five-month high. There has been a big increase in retail inflation in the month of December due to rising prices of edible oil, expensive vegetables and expensive petrol, diesel besides electricity.

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