
In December 2024, India's wholesale price index climbed to 2.37%, from 1.89% the previous month, as reported by the ministry of Food and Industry on December 19, 2024. While prices of food articles fell, there was an increase in manufactured goods that followed.
The ministry explained that “the positive rate of inflation in December 2024 is as a result of increases in prices of food articles, manufacture of food products, other manufacturing, manufacture of textiles and non food articles etc.’’
WPI inflation for WPI commodities was reported at 1.89 percent for November 2024 quoting the gas prices as the primary factor for inflation. The rate was 0.86 percent for December 2023.
On the other hand, inflation for food articles decreased to 8.47 percent.
According to the data , food inflation has gone down from the 8.63 percent reported in November to 8.47 percent in December 2024. In the case of vegetables, there was a slight rise from 28.57 percent in November to 28.65 percent in December.
Oil and salt saw inflation at 93.20 and 16.81 percent respectively, measuring high rates.
In December, the inflation rate for cereals, pulses and wheat plunged lower.
The measure of the electricity or the fuel and power category saw a negative movement of 3.79 percent in December when compared to November’s 5.83 percent delfation. In the case of manufactured items, the inflation was at 2.14 percent as compared to a 2 percent recorded in November.
The data related to retail inflation that was released on Monday, indicated that the Consumer Price Index based inflation has eased to 5.22 percent in December, which is the lowest inflation has been in four months.