Price rise continues to pinch common man, here is why
India Today
Even after showing the downward trend, the rate of Wholesale Price Index (WPI) based Inflation in January this year continues to remain over 12 per cent.
The Wholesale Price Index (WPI) based Inflation continues to maintain a declining trend as the annual rate of inflation has been estimated at 12.96 per cent for the month of January, 2022, according to data provided by the Ministry of Commerce & Industry.
The wholesale-based inflation continuous decline from 14.87 per cent in November, 2021 and 13.56 per cent in December, 2021.
The Wholesale Price Index basically signifies changes in the average prices of goods at the wholesale level.
HIGH RATE OF INFLATION
Even after showing the downward trend, the rate of wholesale-based inflation in January continues to remain over 12 per cent.
The high rate of inflation in January, 2022 is primarily due to a rise in prices of mineral oils, crude petroleum and natural gas, basic metals, chemicals and chemical products, food articles etc as compared to the corresponding month of the previous year.
PRICES INCREASED
