Wholesale inflation skyrocketing: inflation

New delhi date. 15 January 2020, Wednesday

Wholesale price index (WIP), the wholesale price index (WPI) inflation, has risen from 8.5 percent to 8.5 percent in December 1, according to data released by the Ministry of Statistics and Program Implementation.

Inflation, as measured by the Wholesale Price Index (WPI), was 6.7 per cent in November. In December last year, the wholesale price-based inflation was 8.7 percent. It is worth mentioning that the day before the wholesale price-based inflation figures were released, retail inflation figures were announced. According to the retail inflation increased to 8.5 percent in December 1.

Food inflation rose to 8.5 percent in December. That was in November and October, respectively, at 5 and 8.5 percent. Onion prices were up by 8.5 per cent in December. Onions, however, witnessed a rise of 5.5 per cent in November.

Vegetable prices witnessed a rise of 5.5 per cent in December. That was 5.5 percent in November. Prices of pulses increased by 8.5 per cent in December. That was 5.5 percent in November.

Inflation in non-food items stood at 8.9 per cent in December. In November and October, it was 8.5 percent and 8.5 percent respectively. Manufactured food inflation rose to 8.7 percent in December. That was 5.5 percent in November. When the country's growth rate has reached the bottom of six years, it is very unlikely that retail inflation will reduce interest rates by 8 percent and wholesale inflation by 8 percent.

After the inflation figures were released, experts said that the RBI is unlikely to reduce interest rates in the near future. However, according to experts, vegetable prices will come down in the coming days.

It may be recalled that the RBI has reduced the interest rate by 5% in the first three years. Presently, the repo rate is 5.7 percent. It is worth mentioning that in December, the RBI did not change interest rates as expected. In December, the RBI said interest rates had not been reduced due to inflation concerns.

On the other hand, in the quarter ended September, the GDP fell to 8.5 percent. Which shows a lower level of 5 years. The economy has fallen into recession due to low demand. The government estimates that GDP will be 5% in the entire financial year 1-5 Which is the lowest growth rate of 3 years.

Trade deficit fell to $ 11.25 billion

Exports fell 1.8 percent in December to $ 27.36 billion

Exports declined for the fifth consecutive month in December. Exports fell 5.2 percent to $ 8 billion in December, according to data released by the Commerce Ministry. However, imports also declined by 8.5 percent in December. Imports in December declined to $ 1.8 billion.

The trade deficit has dropped to $ 1.8 billion due to a decline in imports. It was worth mentioning that the trade deficit in December 1 stood at $ 1.8 billion. Oil imports declined 5.4 percent to $ 1.8 billion in December, while imports of gold fell four percent to $ 8 billion. During the April-December period, exports declined by 5.7 percent to $ 8 billion. During the same period, imports were down 5.5 percent to $ 1.8 billion. Because of this, the trade deficit during the same period stood at $ 1.8 billion.