Wholesale inflation in India rises to 2.59% in December on the back of increasing prices of food articles.
Flaring Up: Wholesale prices-based inflation in India rose to 2.59% in December vs 0.58% in November on the back of increasing prices of food articles.
Food inflation rate rose to 13.24% during December vs 11% in the previous month. Within this category, onions saw an inflation rate of 455.8% compared to 172.3% in November.
The news comes a day after rise in retail inflation was reported at 7.35% in December - reaching a five-year high. NDTV Profit
Red Arrow Pointing Up: The yield on India's 10-year government bond surged 10bps to hit a five-week high today following a spike in India's retail inflation, deepening worries of a prolonged pause in rate cuts by the RBI.
FYI: Bond yield and prices move in opposite direction. Livemint
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