Wholesale price index-based inflation falls to 2-year low of 4.95%

by IANS |

New Delhi, Jan 16 (IANS) India's wholesale price index-based (WPI) inflation for December 2022 fell to almost two-year low of 4.95 per cent, owing to sliding food and crude as well as petroleum prices.

WPI-based inflation was 5.85 per cent in November 2022.

"Fall in prices of food articles, mineral oils, crude petroleum and natural gas, food products, textiles and chemicals & chemical products contributed to a slide in wholesale price index-based inflation," a statement issued by the Union Commerce Ministry said.

The WPI inflation slipped below the 5 per cent mark for the first time since February 2021, when it was at 4.83 per cent.

Latest News
Sachin Tendulkar, BCCI office-bearers to felicitate World Cup-winning U19 women's team Tue, Jan 31, 2023, 12:19 AM
Female ex-SDF member sues Japan govt, abusers for sexual assault Tue, Jan 31, 2023, 12:18 AM
28 killed, 150 injured in blast at Peshawar mosque (3rd Ld) Tue, Jan 31, 2023, 12:15 AM
New cases declining, can achieve target of Leprosy Mukt Bharat by 2027: Mandaviya Tue, Jan 31, 2023, 12:14 AM
Upendra Kushwaha says stones pelted on his convoy in Bhojpur Tue, Jan 31, 2023, 12:12 AM
India's first glass igloo restaurant come up in J&K's Gulmarg Tue, Jan 31, 2023, 12:12 AM
Plane carrying Andhra Pradesh CM makes emergency landing Tue, Jan 31, 2023, 12:11 AM
MP minister Narottam Mishra plays anchor role in bringing back Katni mayor to BJP Tue, Jan 31, 2023, 12:10 AM
Protests in Assam over inclusion of 60 villages in Bodoland region Tue, Jan 31, 2023, 12:09 AM
Formula E World: Victory for Pascal Wehrlein and Porsche Sat, Jan 28, 2023, 12:15 PM
Man City beat Arsenal 1-0 to reach FA Cup fifth round Sat, Jan 28, 2023, 12:13 PM
Leipzig edge Stuttgart to move second in Bundesliga Sat, Jan 28, 2023, 12:05 PM
ILT20: Marcus Stoinis joins Sharjah Warriors, says he is mentally prepared for UAE weather Sat, Jan 28, 2023, 12:02 PM
Indian-American loses election to head Republican Party after challenging establishment Sat, Jan 28, 2023, 12:01 PM
Record rainfall overnight in Auckland causes massive flooding Sat, Jan 28, 2023, 11:59 AM