India’s wholesale prices up 3.39% in December

India’s wholesale prices rose 3.39 percent year-on-year in December, their fastest pace in two months, government data showed on Monday.

India’s wholesale prices rose 3.39 percent year-on-year in December, their fastest pace in two months, government data showed on Monday.

Workers and customers look through the goods at a wholesale food grain and commodities shop in the Agricultural Product Marketing Committee (APMC) Yard in Bangalore. (AFP)

The data compared with a 3.50 percent annual rise forecast by economists in a Reuters poll. In November, prices rose a provisional 3.15 percent.

Last month, wholesale food prices fell 0.70 percent year-on-year, compared with a provisional 1.54 percent gain in November.