Wholesale costs based mostly inflation surged to 2.59% in December, as towards 0.58% in November attributable to improve in costs of meals articles like onion and potato.
The annual inflation, based mostly on month-to-month wholesale value index (WPI), was at 3.46% throughout the identical month a 12 months in the past (December 2018).
The speed of value rise for meals articles rose to 13.12% throughout December as towards 11% a month earlier, whereas for non-food articles it rose practically four-fold to 7.72% from 1.93% in November, confirmed the info launched by the Ministry of Commerce and Trade on Tuesday.
Amongst meals articles, vegetable costs surged by 69.69% primarily on account of onions, which witnessed 455.83% bounce in costs, adopted by potato at 44.97%.
The buyer value index based mostly retail inflation, as per information launched on Monday, spiked to over a 5-year excessive of seven.35% in December attributable to costlier meals merchandise.