New Delhi, Jan 16:
The wholesale price index (WPI) for December 2016 came in at 3.39 per cent, higher than 3.15 per cent in the previous month.
Manufactured products inflation has largely led to the spike in December WPI, say economy watchers.
Both WPI and CPI are converging in December, raising room for the Reserve Bank of India to undertake expansionary monetary policies, they added.
Food inflation has turned negative for the first time since August 2015 at (-) 0.7 per cent in December 2016 as against 1.54 per cent in the previous month.
(This article was published on January 16, 2017)
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