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Indian Inflation Eases to 6.16 Percent in December

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India’s headline inflation eased to a five-month low of 6.16 percent in December from a 14-month high, helped by a softening in vegetable prices, government data showed on Wednesday.

The wholesale price index’s annual rise compared with a 7.0 percent jump forecast by economists in a Reuters poll. In November, wholesale prices, India’s main inflation measure, rose 7.52 percent, their fastest pace in 14 months.

The reading for October headline inflation was revised to 7.24 percent from 7.0 percent.

(Read more: Is India’s recovery already over?)

Food prices rose 13.68 percent year-on-year last month, much slower than an annual rise of 19.93 percent in November.

Cooling in food prices slowed down retail inflation to a three-month low of 9.87 percent in December, data showed earlier this week.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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