Wholesale Price Inflation Rises to 2.37% in December 2024

India's wholesale price inflation rose to 2.37% in December, up from 1.89% in November, mainly due to higher costs in manufactured goods, non-food items, and fuel. Food inflation moderated slightly to 8.47%, although vegetable prices remained elevated.

India’s wholesale price inflation increased to 2.37% in December 2024, up from 1.89% in November, primarily driven by rising prices in manufactured goods, non-food articles, and fuel and power.

Key Contributors to Inflation:

Manufactured Products: Prices rose by 2.14% in December, making a significant impact on the overall inflation rate.
Non-Food Articles: Inflation in this category surged to 2.46%, reversing the 0.98% deflation seen in November, driven by higher costs in sectors like oilseeds.
Fuel and Power: The sector saw a deflation of 3.79%, an improvement from the 5.83% deflation in November.

Food Inflation Trends:

Overall Food Inflation: Slightly eased to 8.47% in December from 8.63% in November.
Vegetables: Continued to experience high inflation at 28.65%, a marginal increase from 28.57% in November.
Potatoes: Inflation remained very high at 93.20%.
Onions: Inflation rose to 16.81%, up from 14.23% in November.

Retail Inflation Comparison:
Retail inflation, as measured by the Consumer Price Index (CPI), dropped to a four-month low of 5.22% in December, down from 5.48% in November, signaling a reduction in consumer price pressures.

Monetary Policy Implications:
The increase in wholesale inflation, alongside the decline in retail inflation and a slowdown in economic growth to 6.4% in 2024-25, could lead the Reserve Bank of India to consider lowering interest rates in its upcoming February meeting.

US Secondary Tariffs on India

The 2025 US-Russia summit in Alaska concluded without a ceasefire agreement for Ukraine. While Russian President Vladimir Putin emerged politically stronger, US President Donald Trump offered no i

WPI Inflation India July 2025

India’s Wholesale Price Index (WPI) inflation has been a key economic indicator closely monitored by policymakers, economists, and students preparing for competitive exams like SSC. For July

RBI Guidelines on AI in Financial Services

Artificial Intelligence (AI) in Financial Services is transforming financial services globally, and India is no exception. From fraud detection to credit underwriting, AI in Financial Services is

PLI Scheme Electronics Exports

India’s electronics exports have witnessed remarkable growth in recent years, reflecting the country’s emergence as a global manufacturing powerhouse. According to Union Commerce and I

India's Retail Inflation Eases to 1.55%

India’s retail inflation eased to an over eight-year low of 1.55% in July 2025, marking a significant milestone in the country’s economic journey. This drop was largely supported by a

Latest Income Tax Billb Draft 2025

Union Finance Minister Nirmala Sitharaman has recently withdrawn the old draft of the Income Tax Bill, 2025, from the Lok Sabha and introduced a revised version in Parliament. This move comes afte

Tata AutoComp Acquisition of IAC

The Tata AutoComp acquisition of Slovakia-based IAC Group has become a key topic in recent current affairs, especially for students preparing for competitive exams like SSC, UPSC, and banking.

India Electronics Exports Growth 2025–2026

India's electronics exports are experiencing unprecedented growth, positioning the country as a rising global electronics manufacturing hub. In the first quarter of FY26 (April–June 2025

Paytm Ant Group Exit Explained

In a significant development for India’s digital economy, Ant Group, the Chinese fintech giant affiliated with Alibaba, has completely exited Paytm by selling its entire stake in its parent

World Bank Income Levels 2024

The World Bank Income classification system is a crucial topic for SSC aspirants, especially in current affairs and economics. Updated annually, this system groups countries based on their Gross N