Wholesale price index-based inflation falls to 2-year low of 4.95%

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.

Also Read

Operation Blue Star a mistake, Indira Gandhi paid for it with her life: Chidambaram

5 hours ago

Pak captures 19 Afghan security posts along border; Kabul says 58 Pakistani soldiers killed

6 hours ago

“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