India's wholesale prices fall for 14th straight month in Dec
[NEW DELHI] India's wholesale prices fell for a 14th straight month in December, declining an annual 0.73 per cent, driven down by tumbling oil prices, government data showed on Thursday.
The pace of fall, however, was slower than a 1.15 per cent annual decline forecast by economists in a Reuters poll. In November, the index fell a provisional 1.99 per cent.
The wholesale fuel prices dropped 9.15 per cent from a year ago in December, while prices of manufactured goods declined 1.36 per cent year on year.
Food prices last month, however, gained 8.17 per cent year-on-year, compared with a provisional 5.20 per cent gain in November.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons