Breaking News :
Kashmiri Shawl Seller Assaulted, Robbed in Punjab—Third Attack in 45 Days    Jamia Students Rally Against Crackdown on Campus Activism    AI Summit Divided: India Pushes for Inclusive Rules as US, UK Reject Paris Communique    Bangladesh Witnesses Wave of Violent Attacks Against Monuments of Liberation War    CPI Raises Alarm Over Chhattisgarh Encounters, Demands Inquiry    Govt’s 15-Point Plan Focuses on Education, Employment & Social Welfare for Minorities: Rijiju    Unchecked and Unregulated: How Illegal Constructions Soar in Kolkata Under TMC’s Watch    India’s Got Latent Row: Assam Police Book Ranveer Allahbadia, Samay Raina and Others    SC Reserves Verdict on WBSSC Job Scam Case, Questions Data Authenticity    Why Has Manipur Governor Not Convened Assembly Session? Congress Questions Delay    Far-Right Leaders Gather in Madrid to 'Make Europe Great Again'    Bipartisanism Wins in Ecuador: Noboa And González Head to Presidential Run-Off    Rajasthan: BJP Pulls Up Minister Kirodi Lal Meena Over Phone-Tapping Remark    Modi’s France Visit: Meets ‘Friend’ Macron & US VP JD Vance    Parrhesia as Political Resistance: The Bishop That Spoke Truth to Power    FIR Filed Over ‘Beef Biryani’ Notice at AMU, University Cites Typing Error    Modi Govt’s ‘U-Turn’ on CLND Act a Bid to Appease Foreign Nuclear Firms: Congress    Indian Rupee Plunges to All-Time Low of 87.95 Per Dollar in Early Trade    Delhi Elections: The End of a Myth And the Magnification of a Tragedy    Medical Aid to Jagjit Singh Dallewal Halted as Doctors Fail to Find Veins: Farmer Groups   
Economy

Wholesale Inflation Jumps to 2.37% in December, Food Prices Partially Eased

In December 2023, WPI inflation was recorded at 0.86%.

Wholesale Inflation Jumps to 2.37% in December, Food Prices Partially Eased

A vegetable shop in Delhi (representative image). Source: Wikimedia Commons

Wholesale Price Index (WPI)-based inflation in India rose by 2.37% in December 2024 compared to the same period last year, according to recent government data.

In December 2023, WPI inflation was recorded at 0.86%.

The increase in WPI inflation in December 2024 is primarily attributed to higher prices of food articles, manufactured food products, other manufacturing sectors, textiles, and non-food items.

Wholesale inflation saw a rise from 1.89% in November 2024. While food inflation eased slightly to 8.47% in December 2024, down from 8.63% in November, the data highlights a mixed trend. For instance, prices of cereals (6.82%), paddy (6.93%), wheat (7.63%), and pulses (5.02%) saw moderation.

However, inflation in vegetables remained elevated at 28.65%, with potato prices skyrocketing to 93.20% and onion prices rising by 16.81%. Additionally, fruits, along with milk, eggs, meat, and fish, witnessed significant price increases of 11.16%, 2.26%, and 5.43%, respectively.

Oil seeds recorded inflation of 2.46%, reversing from deflation of 0.98% in November. Meanwhile, the fuel and power sector experienced deflation of 3.79%, though this was an improvement from the 5.83% deflation recorded in November.

Manufactured items saw a slight increase in inflation, rising to 2.14% from 2% in November.

In contrast, retail inflation moderated to a four-month low of 5.22% in December 2024. While overall consumer prices were 4.6% higher for urban residents in December compared to 4.9% in November, food inflation saw a slight decrease to 8.4% from 9.04% in November.

Comments (0)

Leave a Comment

   Can't Read ? Click    Refresh