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Journalism of Courage
Headline inflation for December rose marginally 0.11 per cent compared to a zero per cent growth during the previous month, as food price inflation rose 5.2 per cent as against 0.63 per cent growth in November.
According to the data released by the commerce and industry ministry, the wholesale price index (WPI)-based inflation was – 0.28 per cent compared to 5.58 per cent during the same period a year ago.
However, the rate of price rise in manufactured products declined to 1.57 per cent compared to 2.04 per cent in November while that of fuel and power contracted 7.82 per cent compared to a contraction of 4.91 per cent during the previous month. Inflation in primary articles comprising food products, vegetables, cereals and protein-rich items rose to 2.17 per cent compared -0.98 per cent in November.
Earlier, retail inflation based on the consumer price index (CPI) rose marginally to 5 per cent during the month compared to 4.38 per cent in the previous month, though within the comfort zone of the Reserve bank of India, raising hopes that the central bank may soften its policy stance in the forthcoming monetary policy review in February.
