India's Wholesale Inflation Rises to 2.37% in December 2024
| Aspect | Details |
|---|---|
| Wholesale Price Inflation | - December 2024: 2.37%, up from 1.89% in November 2024. |
| Key Drivers | - Manufactured Products: 2.14% inflation. - Non-Food Articles: 2.46% inflation, up from -0.98% deflation in November. - Fuel and Power: 3.79% deflation, improved from 5.83% in November. |
| Food Inflation | - Overall: 8.47% in December, down from 8.63% in November. - Vegetables: 28.65% inflation. - Potatoes: 93.20% inflation. - Onions: 16.81% inflation, up from 14.23% in November. |
| Retail Inflation (CPI) | - December 2024: 5.22%, a four-month low, down from 5.48% in November. |
| Economic Growth | - 2024-25: Slowed to 6.4%. |
| Implications for RBI | - May consider reducing interest rates in the February 2025 meeting due to rising wholesale inflation and declining retail inflation. |