Wholesale price-based inflation slowed to 1.22 per cent in December on decreasing of meals costs, in accordance with authorities knowledge launched on Thursday.
Retail inflation primarily based on the Consumer Price Index (CPI) was 6.93 per cent in November.
Inflation primarily based on Wholesale Price Index (WPI) was 1.55 per cent in November 2020, and a pair of.76 per cent in December 2019.
The price of inflation primarily based on WPI Food Index decreased from 4.27 per cent in November 2020 to 0.92 per cent in December 2020, in accordance with the info launched by the Department for Promotion of Industry and Internal Trade.
Additionally, retail inflation had additionally dropped sharply to 4.59 per cent in December, on the again of declining meals costs.
WPI is used to gauge common change in worth of sale of products or providers in bulk by the wholesaler and shopper worth index (CPI) measures the change within the worth in sale of products or providers in retail or it measures worth of products or providers promote on to customers.