India's annual wholesale price inflation (WPI)
Government data on Monday showed WPI inflation for December was 4.95% year-on-year, lower than the Reuters forecast of 5.60% and 5.85% recorded in the previous month
Food index rose 0.65% in December, with prices of vegetables falling nearly 36% year-on-year. In November, the food index rose 2.17%. Inflation on manufactured products eased to 3.37% in December from 10.71% in the prior month. "Low manufacturing inflation is a reflection of cooling global commodity prices. This will continue as the world moves further to recession," said Madan Sabnavis, economist at Bank of Baroda.Last week, the country's annual
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