Business Today
Loading...

India's wholesale prices up 3.39% in December

India's wholesale prices rose 3.39 percent year-on-year in December, their fastest pace in two months, government data showed on Monday.

twitter-logoReuters | January 16, 2017 | Updated 12:27 IST
India's wholesale prices up 3.39% in December
Photo: Reuters

India's wholesale prices rose 3.39 percent year-on-year in December, their fastest pace in two months, government data showed on Monday.

The data compared with a 3.50 percent annual rise forecast by economists in a Reuters poll. In November, prices rose a provisional 3.15 percent.

ALSO READ:  'Don't be flippant about Indian symbols, icons'

Last month, wholesale food prices fell 0.70 percent year-on-year, compared with a provisional 1.54 percent gain in November.

India's retail inflation hit a two-year low in December as businesses resorted to price discounting to boost flagging sales following the government's cash crackdown, fuelling hopes of an interest rate cut by the central bank.

Consumer prices rose by an annual 3.41 per cent last month, their slowest pace since November 2014, government data showed on Thursday. Economists surveyed by Reuters had expected prices to rise 3.57 per cent year on year, compared with a 3.63 per cent gain in November.

  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close