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Wholesale inflation rises to 2.59% in December on higher food prices The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.46 per cent in December 2018. Current Affairs :Discount costs based expansion rose to 2.59 percent in December, as against 0.58 percent in November because of increment in costs of nourishment articles, as indicated by information discharged by the Ministry of Commerce and Industry on Tuesday. The yearly pace of expansion, in light of month to month discount value list (WPI), remained at 3.46 percent in December 2018. The nourishment expansion rate rose to 13.24 during the month as against 11 percent in November. Inside this classification, onions saw an expansion pace of 455.8 percent contrasted with 172.3 percent in November. The rate in vegetables moved to 69.69 from 45.32 percent in November. That in beats the rate is at 13.11 percent after 16.59 per month sooner. Nourishment articles weight in the WPI is 15.26 pe...

WPI inflation slips to near 2-year low in May, declines to 2.45% Inflation in food articles basket was 6.99 per cent, down from 7.37 per cent in April Current Affairs :-Discount cost based expansion slipped to 22-month low at 2.45 percent in May helped by falling costs of nourishment articles, fuel, and power things, as per an official information discharged Friday. The Wholesale Price Index (WPI)- based swelling was at 3.07 percent in April. It was 4.78 percent in May 2018. Swelling in sustenance articles container was 6.99 percent, down from 7.37 percent in April. Nonetheless, onion costs spiked during the month with swelling at 15.89 percent, as against (- ) 3.43 percent in April. Vegetable swelling facilitated to 33.15 percent in May, down from 40.65 percent in the earlier month. Swelling in potato was (- ) 23.36 percent, against (- ) 17.15 percent in April. WPI swelling in May is the most minimal in 22 months, since July 2017, when it was at 1.88 percent Swe...