Wholesale Price Inflation Rises To 2.37% In December

Wholesale Inflation: Wholesale price inflation rose to 2.37 per cent in December 2024, led by a spike in manufactured products even though prices of food items eased, government data released on Tuesday showed.

The Wholesale Price Index (WPI) based inflation was 1.89 per cent in November 2024. It was 0.86 per cent in December 2023. As per the data, inflation in food items eased to 8.47 per cent in December 2024, as against 8.63 per cent in November. Inflation in vegetables stood at 28.65 per cent, as against 28.57 per cent in November.

Inflation in potatoes continued to be high at 93.20 per cent, and in onion, it spiked to 16.81 per cent in December.

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Among food items, cereals, pulses, and wheat saw an easing in inflation in December.

The fuel and power category witnessed a deflation of 3.79 per cent in December, against a deflation of 5.83 per cent in November. In manufactured items, inflation was 2.14 per cent, against 2 per cent in November.

Retail inflation data released on Monday showed that consumer price index (CPI) based inflation eased to a 4-month low of 5.22 per cent in December on easing food prices. 

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Disclaimer: This story has been directly published from the agency feed (PTI). No changes have been made except the headline.