Mumbai, Jan. 14 -- India's wholesale prices increased for the first time in three months in December, official data revealed on Wednesday.
The wholesale price index, or WPI, rose 0.83 percent year-over-year in December, reversing a 0.32 percent fall in November. The expected increase was 0.3 percent. Further, this was the fastest increase in eight months.
The annual price growth in manufactured products accelerated to 1.82 percent from 1.33 percent.
Food prices remained flat in December after falling 2.6 percent in November, while costs for primary articles showed a renewed increase of 0.21 percent. Data showed that the price decline in fuel and power deepened to 2.31 percent from 2.27 percent.
On a monthly basis, wholesale prices rose ...