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WPI inflation ease to 4.95 percent in December

WPI inflation 4.95 percent in December

In December 2022, the wholesale price-based inflation fell to 4.95 percent, 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.

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WPI inflation 4.95 percent in December: Key Points

  • In December 2022, the inflation rate for food items was (-)1.25% while it was 18.09% for fuel and electricity.
  • According to a statement from the ministry of trade and industry, inflation in manufactured goods was 3.37 percent in the month.
  • Declining prices for food items, mineral oils, crude oil, natural gas, textiles, chemicals, and chemical products are the main factors behind the decrease in the inflation rate in December 2022.

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Important Takeaways For All Government Exams:

  • WPI Inflation, December: 4.95%
  • CPI, 2022: 7.1% till Nov, 2022
  • Finance Minister of India: Nirmala Sitharaman

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