Wholesale Price Index Wholesale inflation eases to 4.95 pct
New Delhi: The wholesale price-based inflation moved down by 4.95 percent in the month of December, as per official data released by the government on Monday.
"The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 4.95% (Provisional) for the month of December, 2022 (over December, 2021) against 5.85% recorded in November, 2022," read a government statement.
Decline in the rate of inflation in December, 2022 is primarily contributed by fall in prices of food articles, mineral oils, crude petroleum & natural gas, food products, textiles and chemicals & chemical products.
The month over month change in WPI for the month of December, 2022 stood at (-)1.12% as compared to November, 2022.
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