India's wholesale prices rose at a slower annual pace in December, preliminary official data showed Friday.
The wholesale price index rose 13.56 percent year-on-year following a 14.23 percent increase in November. Economists had forecast 13.50 percent inflation. In October, inflation was 13.83 percent.
The food index rose 9.24 percent annually after a 6.70 percent increase in the previous month.
The high rate of inflation in December was primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals, food products, textile and paper products etc. as compared to the corresponding month of the previous year, the government said.
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