Wholesale inflation falls for 14th straight month in December

BusinessIndia’s wholesale prices fell for a 14th straight month in December, declining an annual 0.73 percent, driven down by tumbling oil prices, government data showed on Thursday.
The pace of fall, however, was slower than a 1.15 percent annual decline forecast by economists in a Reuters poll. In November, the index fell a provisional 1.99 percent.

The wholesale fuel prices dropped 9.15 percent from a year ago in December, while prices of manufactured goods declined 1.36 percent year on year.

Food prices last month, however, gained 8.17 percent year-on-year, compared with a provisional 5.20 percent gain in November.


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