WPI inflation falls to 4.95% in December
Wholesale price inflation declined from a peak of 15.88% in May 2022 to 4.95% in December 2022.
Wholesale price inflation declined from a peak of 15.88% in May 2022 to 4.95% in December 2022.
Wholesale inflation fell for the fifth straight month in October.
The high rate of wholesale inflation in May is due to rise in prices of mineral oils, crude petroleum, and food products among others.
Fruits and vegetables saw the biggest drop in wholesale prices, with inflation in the segment down to 2.62% in FY21, against a high of 18.55% in FY20.