New Delhi: Wholesale price inflation in India rose to 2.37 per cent in December 2024. 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 vegetable stood at 28.65 per cent, as against 28.57 per cent in November.
Inflation in potato continued to be high at 93.20 per cent, and in onion it spiked to 16.81 per cent in December. Among food items, cereals, pulses, wheat saw 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.
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Retail inflation data released on Monday showed that consumer price index (CPI) based inflation eased to 4-month low of 5.22 per cent in December on easing food prices.
Wholesale Price Index (WPI) is a measure of the average change in the price of goods at a wholesale level or in the wholesale market. Consumer Price Index (CPI) is a price index that calculates price changes of goods and services that a consumer has to pay in the retail market. The monetary police of Reserve Bank of India are made after reviewing the CPI.