ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

WPI: Inflation based on wholesale prices fell to a 8-month low of 3.80% in Dec 2018 - Why it happened

Inflation in the 'fuel and power' basket in December slumped to 8.38 per cent, nearly half of 16.28 per cent in November. This was on account of lowering of prices of petrol and diesel through December.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
WPI: Inflation based on wholesale prices fell to a 8-month low of 3.80% in Dec 2018 - Why it happened
Vegetables, too, saw deflation at 17.55 per cent in December, compared to 26.98 per cent in the previous month. Reuters

Inflation based on wholesale prices fell to a 8-month low of 3.80 per cent in December, 2018, on softening prices of fuel and some food items. The Wholesale Price Index (WPI)-based inflation stood at 4.64 per cent in November, 2018, and 3.58 per cent in December 2017.

According to the government data released Monday, deflation in food articles stood at 0.07 per cent in December, against 3.31 per cent in November.

Vegetables, too, saw deflation at 17.55 per cent in December, compared to 26.98 per cent in the previous month.

Inflation in the 'fuel and power' basket in December slumped to 8.38 per cent, nearly half of 16.28 per cent in November. This was on account of lowering of prices of petrol and diesel through December.

Individually, in petrol and diesel inflation was 1.57 per cent and 8.61 per cent, respectively, and for liquified petroleum gas (LPG) it was 6.87 per cent during December.

Among food articles, potato prices became cheaper substantially with inflation at 48.68 per cent in December, as against 86.45 per cent in November.

Inflation in pulses stood at 2.11 per cent, while in 'egg, meat and fish' it was 4.55 per cent.

Onion witnessed deflation of 63.83 per cent in December, compared to 47.60 per cent in November.

The 3.80 per cent inflation is the lowest in 8 months, and a lower inflation than this was last seen in April at 3.62 per cent.

Data for retail or consumer price index-based inflation would be released later in the day.

The Reserve Bank of India (RBI) mainly takes into account retail inflation data while formulating monetary policy.

Watch This Zee Business Twitter Video

#ZBizSpecial | #MakarSankranti के मौके पर देखिए #ZeeBusiness की खास पेशकश 'नफा नी पतंग, उड़ी-उड़ी जाए' और जानिए अनिल सिंघवी और रजत देवगन से इस खास थीम और शेयर के बारे में।@AnilSinghviZEE @devganrajat9 @dkalra81 pic.twitter.com/Fju43RCAoo

— Zee Business (@ZeeBusiness) January 14, 2019

In its fifth monetary policy review for the fiscal, last month, the Reserve Bank kept interest rates unchanged, but held out a promise to cut them if the upside risks to inflation do not materialise.

The central bank lowered retail inflation projection to 2.7-3.2 per cent for the second half of the current fiscal, citing normal monsoon and moderate food prices.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
WPIDeflationLPG
Written By: PTI
Updated: Mon, Jan 14, 2019
12:44 pm
New Delhi, PTI
RELATED NEWS
WPI inflation cools to 22-month low of 4.95% in December on softening food prices WPI inflation cools to 22-month low of 4.95% in December on softening food prices
Wholesale price-based inflation falls to 21-month low: What does this mean? Analysts decode Wholesale price-based inflation falls to 21-month low: What does this mean? Analysts decode
Inter-ministerial consultations in progress on revising WPI base year to 2017-18: DPIIT secretary Inter-ministerial consultations in progress on revising WPI base year to 2017-18: DPIIT secretary
Stock Market Outlook: Analysts list triggers; Global trends, WPI inflation data to chart trajectory to drive markets this week Stock Market Outlook: Analysts list triggers; Global trends, WPI inflation data to chart trajectory to drive markets this week
India's April WPI inflation accelerates to 15.08% YoY, in double-digits for 13th consecutive months India's April WPI inflation accelerates to 15.08% YoY, in double-digits for 13th consecutive months

LATEST NEWS

NTPC Q3 Results: Net profit jumps nearly 5% YoY to Rs 4'854 cr; company announces dividend

Pathaan box office collection: Shah Rukh Khan-starrer breaks all records — Check collection figures of SRK's last 5 films

Central Railway Recruitment 2023: Apply for 50 Junior Technical Associate posts - last date, vacancy, age limit, selection process, fees | Know full details here

Two Indian Air Force fighter planes - Sukhoi 30 and Mirage 2000 - crash in MP's Morena

Adani Group-Hindenburg: What options Adani Group have? Anil Singhvi decodes

Hindenburg Impact: Bankers on Adani Enterprises’ Rs 20,000 cr FPO consider delay, price cut after rout - Report

Market Next Week: Union Budget, US Fed policy decision, Q3 earnings, Jan auto sales among other top cues for Street

Last full budget ahead of 2024 general polls: Will Budget 2023 be populous or pragmatic? Experts explain

5 smart home devices you should add to your list in 2023

Budget 2023: US venture capitalists hope India supports growth, strengthens startup ecosystem

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV