WPI inflation rises to 3.39 per cent in December

1.Breaking a 3-month declining trend, wholesale inflation rose to 3.39 per cent in December 2016.

2.The increase was mainly due to a rise in prices of manufactured items, even as food articles turned cheaper.

3.Wholesale price index-based inflation had stood at 3.15 per cent in November 2016, and minus 1.06 per cent in December 2015.

4.According to Commerce Ministry data, overall wholesale food inflation fell to minus 0.7 per cent in December 2016, from 1.54 per cent in November.

5.But inflation in manufactured articles rose to 3.67 per cent in December, from 3.2 per cent in November.

Source : news on air

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