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WPI inflation has remained in double digits for the ninth consecutive month beginning April. Inflation in November was 14.23 per cent, while in December 2020 it was 1.95 per cent.
The gap between retail and wholesale price-based inflation has widened in recent months as many companies and retailers are still trying to absorb galloping input costs that threaten to hit their bottom lines.
WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year. WPI inflation was (-) 0.25 per cent, in July 2020.
This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation.
The WPI inflation was 4.17 per cent in February 2021 and 0.42 per cent in March 2020.
The LDF used the UDF-WPI alliance to position itself as the only secular front on offer. It did pay them rich political dividends.
The WPI state president Hameed Vaniyambalam took on both the CPM, for what he termed the CPM strategy to use the WPI as a cover to create communal polarisation, and the Congress, for not showing the political gumption to own up the UDF-WPI 'arrangement'.
Inflation in vegetables stood at 7.03 per cent, while in onion it was (-) 34.48 per cent.
The Wholesale Price Index (WPI) based inflation was 2.26 per cent in February and 3.10 per cent in March, 2019.
Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month, data released by the Commerce and Industry Ministry on Wednesday showed.