"The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 4.95% (Provisional) for the month of December, 2022 (over December, 2021) against 5.85% recorded in November, 2022," read a government statement.
Decline in the rate of inflation in December, 2022 is primarily contributed by fall in prices of food articles, mineral oils, crude petroleum & natural gas, food products, textiles and chemicals & chemical products.
The month over month change in WPI for the month of December, 2022 stood at (-)1.12% as compared to November, 2022.