Ebene Magazine – Wholesale inflation falls to 1.22% in December

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Ebene Magazine - Wholesale inflation falls to 1.22% in December

WPI is used to measure the average change in the retail price of goods or services in bulk by wholesalers.

Wholesale price-based inflation slowed to 1.22 percent in December, based on government data released Thursday .

Inflation based on the Wholesale Price Index (WPI) was 1.55 percent in November 2020 and 2.76 percent in December 2019. The inflation rate based on the WPI food index decreased from 4.27 percent in November 2020 to 0.92 percent in December 2020. According to data released by the Ministry of Industry and Domestic Trade.

In addition, inflation was retail sales fell sharply to 4.59 percent in December due to falling food prices.

The WPI is used to measure the average change in sales prices of goods or services in bulk by the Wholesaler and Consumer Price Index (CPI) the Change in the retail price of goods or services in retail stores or the price of the sale of goods or services measures directly to consumers.

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