Wholesale and retail inflation witnessed relaxation in December 2018 with a reduction in fuel prices. From 2.33% in November, it dropped to 2.19% in December. According to data from Commerce Ministry, inflation reduced from 4.64% in November to 3.80% in December based on the lower fuel prices and manufactured products price. Consumer Price Index (CPR) / retail inflation had an 18-months low percentage.
In addition to oil prices, food and beverages segment also witnessed a contraction of 1.49% in December from 1.69% of the previous month. Housing inflation also eased from 5.99% to 5.32%. Even crude oil and natural gas sector saw slow inflation as compared to the earlier months.