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ECONOMY
WPI CONTRACTS 0.7% IN DECEMBER
January 15, 2016
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1.Wholesale price index (WPI) remained negative for the 14th consecutive month at -0.73 per cent in December 2015.

2.This is also the fourth consecutive month in which the pace of WPI contraction has slowed over the previous month.

3.The slower pace of WPI contraction was mainly driven by the primary articles component, which came in at 5.5 per cent in December 2015 compared to 2.3 per cent in November. Of this, the food articles component was at 8.2 per cent and the non-food articles component at 7.7 per cent.

4.The slower pace is mainly driven by the primary articles component.

5.Within primary articles, the price rise in the two components was offset by the ongoing double-digit contraction in mineral prices, which came in at -22.5 per cent in December 2015.