India’s Dec wholesale inflation skyrockets to 2.59%

Higher prices of food items along with those of primary articles accelerated India’s annual rate of inflation based on wholesale prices to 2.59 per cent in December from 0.58 per cent in November, official data showed on Tuesday. However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend during December 2019.