WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall

The wholesale price index (WPI)-based inflation rate for December decelerated to a 22-month low at 4.95 per cent, on the back of a higher base and the easing of price pressure for food and manufactured products.

In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent.

The data released by the Ministry of Commerce and Industry on Monday showed food inflation — excludes manufactured food items — at minus 1.25 per cent contracted in December, from 1.07 per cent in November, as vegetable prices (minus 36 per cent) fell from