WPI is used to gauge common change in sale value of products or companies in bulk by wholesalers.
Wholesale price-based inflation slowed to 1.22 per cent in December on decreasing of meals costs, in response to authorities information launched on Thursday.
Retail inflation based mostly on the Shopper Worth Index (CPI) was 6.93 per cent in November.
Inflation based mostly on Wholesale Worth Index (WPI) was 1.55 per cent in November 2020, and a couple of.76 per cent in December 2019.
The speed of inflation based mostly on WPI Meals Index decreased from 4.27 per cent in November 2020 to 0.92 per cent in December 2020, in response to the information launched by the Division for Promotion of Business and Inner Commerce.
Moreover, retail inflation had additionally dropped sharply to 4.59 per cent in December, on the again of declining meals costs.
WPI is used to gauge common change in value of sale of products or companies in bulk by the wholesaler and client value index (CPI) measures the change within the value in sale of products or companies in retail or it measures value of products or companies promote on to customers.