Wholesale price index-based inflation falls to 2-year low of 4.95%
Monday - January 16, 2023 1:45 pm ,
Category : BUSINESS
New Delhi, Jan 16 (IANS) 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 ans/ksk/
--IANS ans/ksk/
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
