Wholesale prices based inflation surged to an eight-month high of 2.59 per cent in december, as against 0.58 per cent in november due to sharp rise in prices of food articles like onion and potato. The annual inflation, based on monthly wholesale price index (WPI) was recorded at 3.24 per cent in april 2019. WPI was at 3.46 per cent during december 2018.
Build up inflation rate in the financial year so far was 2.42 per cent compared to a build up rate of 2.92 per cent in the corresponding period of the previous year, as per data released by the office of Economic Adviser, Ministry of Commerce & industry on Tuesday.
The rate of price rise for food articles rose to 13.12 per cent during december as against 11 per cent a month earlier, while for non-food articles it rose nearly four-fold to 7.72 per cent from 1.93 per cent in November. Among food articles, vegetable prices surged by 69.69 per cent mainly on account of onion, which witnessed 455.83 per cent jump in prices, followed by potato at 44.97 per cent.