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Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Wholesale Price Index-Based Inflation Falls To 2-Year Low Of 4.95%

OMMCOM NEWS by OMMCOM NEWS
January 16, 2023
in Business

New Delhi: 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.

 (IANS)

Tags: wholesale price
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