WPI Food Index Eases To 0.65% In Dec From 2.17% In Nov

The rate of inflation based on the wholesale price index (WPI) food index decreased from 2.17 per cent in November to 0.65 per cent in December 2022, as per the data released by the Ministry of Commerce and Industry on Monday.

The food index consisting of food articles from the primary articles group and food products from the manufactured products group has decreased from 173 in November to 170.3 in December 2022.

Also, India's WPI inflation fell to 4.95 per cent in December 2022, primarily due to lower food and crude petroleum prices.

In November 2022, WPI-based inflation was 5.85 per cent and 14.27 per cent was in December 2021. The month-over-month change in WPI for December was -1.12 per cent compared to November.

In December 2022, food inflation was -1.25 per cent, while fuel and power inflation was 18.09 per cent. The commerce and industry ministry reported a 3.37 per cent inflation in manufactured goods during the month.

The fall in prices of food items, mineral oils, crude petroleum and natural gas, food products, textiles and chemical products is primarily responsible for the decrease in the rate of inflation in December 2022.