After retail, wholesale inflation also increased, WPI increased by 0.74% in December
WPI inflation: The government released the wholesale inflation rate in December. This month too, an increase in the inflation rate has been seen. This time the inflation rate in December has been 0.74 percent. Whereas in November the inflation rate was 0.26 percent. Let us know what was the inflation rate of which item in December?
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According to the data released by the government, the inflation rate in December was 0.74%. In November last year, it was 0.26%. The reason for the increase in the inflation rate is the rise in food prices.
The Wholesale Price Index (WPI) was in negative last year from April to October 2023. At the same time, it became 0.26% positive in November.
Food inflation increased to 9.38% in December, which was 8.18 % in November 2023.
The Ministry of Commerce and Industry said in a statement on Monday, "Inflation accelerated last year in December 2023 as prices of food items, machinery and equipment, other manufacturing, other transport equipment and computers, electronics and optical products etc. increased."
In December, the inflation rate of vegetables was 26.30 %, while the inflation rate of pulses was 19.60%. According to data released last week, retail or consumer price inflation (CPI) for December rose to a four-month high of 5.69%.
The Reserve Bank kept interest rates steady in its bi-monthly monetary policy last month and flagged the risks of rising food inflation in November and December.
