The December print was also pushed up by the fading high base effect that had kept WPI deflationary for the first seven months of FY24. On a month-on-month basis, the overall index declined 0.9% in December, at the steepest pace in four months.
With the current print, WPI inflation has averaged (-)1.07% in April-December FY24 as against 11.69% in the comparable period of FY23.
Among its three groups, 'primary articles' inflation has averaged 3.24% in April-December as against 12.61% in April-December FY23. And that of 'manufactured products' and 'fuel and power' has averaged (-)1.85% and (-)5.74%, respectively, during the period, as compared to 7.12% and 34.97% last year.
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Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
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Microsoft AI Copilot speed boost for coding
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Language models in consumer tech
This move is designed to ensure better user experience & privacy
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