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WPI RISES TO 2.37% IN DEC 2024
The Business Guardian
|January 15, 2025
YoY inflation rose significantly due to demand and cost pressures in specific sectors.
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The annual rate of inflation based on the all-India Wholesale Price Index (WPI) stood at 2.37 per cent (provisional) in December 2024, marking an increase from the previous month's rate of 1.89 per cent.
According to the Ministry of Commerce and Industry, the positive inflation rate was primarily driven by rising prices in key segments such as food articles, manufactured food products, textiles, and non-food articles.
However, retail inflation data released on Monday showed that consumer price index (CPI) based inflation eased to a 4-month low of 5.22 per cent in December on easing food prices.
The WPI for all commodities decreased marginally by 0.38 per cent month-over-month (MoM) in December 2024, reflecting price corrections across certain segments.
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