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.
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.
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