Dec WPI eases slightly but remains in double digits as food prices soar

Bucks a 4-month rising trend in December 2021 and comes in at 13.56%, even as food prices harden

Wholesale Price Index-based Inflation (WPI) eased a bit in December from November, but stayed in double digits for the ninth consecutive month, data released by the commerce ministry on Friday showed.
 
WPI inflation bucked a four-month rising trend and came in at 13.56 per cent, even as food prices hardened. Factory-gate inflation in November was 14.23 per cent, while it was 1.95 per cent in December 2020.

“The high rate of inflation in December 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum and natural gas, chemicals and chemical products, food products,