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Wholesale Price Index (WPI) inflation ease to _______ in December 2022.
A)
5.97%
B)
5.34%
C)
4.95%
D)
4.42%

Correct Answer :   4.95%


The annual wholesale price index-based inflation for December 2022 eased to a 22-month low of 4.95 percent on the back of a favourable base effect and an easing off supply side pressures of items such as fruits and vegetables, the government data showed on Monday.
 
The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021.
 
At the broad-segments level, while the primary articles’ inflation declined to a 23-month low of 2.4 per cent, the manufacturing inflation edged down to a 25-month low of 3.4 per cent in December 2022.
 
However, the fuel and power inflation rose to 18.1 per cent in December 2022 from a 20-month low of 17.4 per cent in the previous month.
 
“The decline in the rate of inflation in December 2022 is primarily contributed by fall in prices of food articles, mineral oils, crude petroleum & natural gas, food products, textiles and chemicals & chemical products,” the commerce and industry ministry said in a statement...

Source : Indian Express

Published On : January 16, 2023
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