WPI inflation falls to 4.95% in December from 5.85% in previous month

The wholesale price-based inflation declined to 4.95 per cent in December 2022 year-on-year (YoY), mainly on the back of fall in prices of food articles and crude petroleum.

The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021. The month over month change in WPI for the month of December stood at (-)1.12 per cent as compared to November.

Inflation in food articles was (-) 1.25 per cent, while in fuel and power it was 18.09 per cent during December 2022. Inflation in manufactured products was 3.37 per cent during the month,