The wholesale price index's annual rise compared with a 7.0 percent jump forecast by economists in a news agency poll. In November, wholesale prices rose by 7.52 percent, their fastest pace in 14 months.

The reading for October headline inflation was revised to 7.24 percent from 7.0 percent.

Food prices rose 13.68 percent year-on-year last month, much slower than an annual rise of 19.93 percent in November.

Cooling in food prices slowed down retail inflation to a three-month low of 9.87 percent in December, data showed earlier this week.

Headline inflation also called as WPI inflation is a measure of the total inflation within an economy and is affected by areas of the market which may experience sudden inflationary spikes such as food or energy.


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