WPI for Indian fruit & vegetables falls further in December
The price rise in vegetables printed at (-)33.11% in December while prices of onions fell (-)37.20%. Fruits, potato and pulses grew on a slower clip leading to a contraction in inflation in the food basket of (-)0.70% in price.
The WPI data comes on the back of consumer price inflation easing to 3.41% in December from 3.63% in November.
Reacting to the WPI data, Ficci said, “broadly prices remain benign which bodes well for the economy. Even though upside risks have been indicated by RBI in its last monetary policy assessment, prices are expected to follow RBI’s indicative trajectory this year, At this juncture, it remains critical to further growth considerations."
source: deccanherald.com
