India's annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food prices slowed, government data released on Monday showed.

The WPI for all commodities decreased marginally by 0.38 per cent month-over-month (MoM) in December 2024, reflecting price corrections across certain segments.

India's wholesale inflation increased to 2.37% in December from 1.89% in November, driven by slower food price rises. Retail inflation eased to 5.22% from 5.48% in the same period. The RBI downgraded growth forecasts,

India's wholesale inflation, measured by the Wholesale Price Index (WPI), increased to 2.37% in December from 1.89% in November, despite a marginal change in food prices. This is a 25% increase month-over-month. The highest increase was recorded in primary articles inflation, which surged to 6.02% from 5.49%.

India's wholesale inflation accelerated in December to 2.37% year-on-year, from 1.89% in November, government data showed on Tuesday, but in line with market expectations.

The All India Consumer Price Index (CPI)-based annual retail inflation stood at 5.22% in December, down from 5.48% in November according to the Ministry of Statistics & Programme Implementation (MoSPI) data. The latest retail inflation number is in line with the Reserve Bank of India (RBI) 's medium-term target band of 2-6%.

India's wholesale price index (WPI) inflation rose to 2.37 per cent in December, up from 1.89 per cent in November, driven by higher prices of manufactured goods and a low base effect, according to government data released on Tuesday.