Manufacturing Costs Drive December's Wholesale Inflation Surge
In December, India's Wholesale Price Index (WPI) inflation rose to 2.37% year-on-year, up from 1.89% in November. This increase is mainly due to higher manufacturing costs, with manufacturing inflation reaching a 23-month high of 2.14%. Notably, 18 out of 22 manufacturing sub-sectors experienced price increases. Manufactured food items saw a significant rise, with inflation hitting a 32-month high of 9.7%. Conversely, sectors like non-metallic mineral products and basic metals recorded price declines.
