WPI reduced to -0.73% in December 2015

January 2016, Economy

In Brief:

The Wholesale price index (WPI) in December 2015, according to recent estimates reduced to -0.73 per cent. This is also the fourth consecutive month in which the pace of WPI contraction has slowed over the previous month. The slower pace of WPI contraction was mainly driven by the primary articles component, which came in at 5.5 per cent in December 2015 compared to 2.3 per cent in November. Of this, the food articles component was at 8.2 per cent and the non-food articles component at 7.7 per cent.


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