Wholesale prices in India decelerate to 13.6% in December 2021

Wholesale inflation in India eased slightly in December 2021, according to the latest data from the Ministry of Commerce and Industry. The wholesale price index increased by 13.6% y/y down from the record high 14.2% in the previous month.

Prices for food articles rose sharply by 9.6% y/y in December, from 4.9% in November. WPI for fuel and power decelerated to 32.3% y/y from 39.8% in the previous month, while WPI for manufactured products increased by 10.6% y/y, down from 11.9% in November.

Further data and analysis on India’s economy are available on the CEIC India Economy in a Snapshot – Q4 2021 report.