Wholesale inflation rises to 0.73% in December due to rise in food prices
The wholesale price index (WPI)-based inflation rose in December at 0.73% mainly due to a sharp rise in food prices. The WPI inflation was in the negative zone from April to October and had turned positive in November at 0.26%. "Positive rate of inflation in December 2023 is primarily due to the increase in prices of food articles, machinery & equipment, other manufacturing, other transport equipment and computer, electronics & optical products etc," the Commerce and Industry Ministry said in a statement on January 15.
