India’s wholesale price inflation decreased from 5.85% in November to 4.95% in December 2022, primarily as a result of lower costs for food items and crude oil.
Inflation measured by the Wholesale Price Index (WPI) was 5.85% in November 2022 and 14.27% in December 2021. In December 2022, the inflation rate for food items was (-)1.25%, while the rate for fuel and power was 18.09%.
According to a statement from the ministry of business and industry, inflation in manufactured goods was 3.37% throughout the month.
This news was written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.