WPI shows a mild up-tick at 0.11% in December, food costs jump up

India’s wholesale price inflation ( WPI) inched up to 0.11 percent in December, snapping a six-month easing trend as food costs jumped up year-on-year, government data showed. Inflation measured on wholesale price index (WPI) was at zero in November.  The data compared with a 0.3 percent year-on-year gain forecast by CNBC-TV poll. Among the components of WPI, Primary Articles inflation rose by 2.17 percent on year mainly due to a 5.2 percent rise in Food Articles inflation. Manufactured Products inflation was up 1.57% due to higher Food Products and Beverages, Tobacco & Tobacco Product figures. Fuel & Power inflation declined by 7.82 percent mainly due to a 11.96 percent decline in Petrol inflation. The reading for October wholesale price inflation was revised to 1.66 percent from 1.77 percent earlier.