Question: Wholesale Price Index (WPI) based inflation has declined to what Percent in January 2022?
(a) 11.08%
(b) 14.87%
(c) 13.56%
(d) 12.96%
Answer: (d)
Related Facts:
- India’s wholesale inflation eased to 12.96 % in January from 13.56 % in the previous month.
- The Wholesale Price Index (WPI) based inflation has declined consistently in recent months.
- It fell from 14.87 % in November 2021 to 13.56 % in December 2021 and further to 12.96 % in January 2022.
- However, inflation still remains at an elevated level and is a matter of concern for economic policymakers.
- “The high rate of inflation in January 2022 is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, basic metals, chemicals, and chemical products, food articles etc as compared the corresponding month of the previous year”.
- Wholesale food inflation hardened during the month of January.
- The rate of inflation based on WPI Food Index increased marginally from 9.24 % in December 2021 to 9.55 % in January, 2022.
- Prices of Minerals rose by 11.08 % and non-food articles became costlier by 0.37 % in January 2022 as compared to December 2021.
BY: AMIT GUPTA