India's Wholesale Inflation Jumps to 0.83% in December, Driven by Manufacturing & Food

• India's Wholesale Price Index (WPI) inflation rose to 0.83% in December.
• The increase is attributed to higher prices in manufacturing, minerals, machinery, food products, and textiles.
• WPI measures changes in prices of goods traded in bulk between businesses, unlike CPI which tracks consumer prices.
• In November, WPI-based inflation was -0.32%, indicating a significant month-over-month rise.
• Prices of non-food articles, minerals, food articles, electricity, coal, and mineral oils increased in December.

Why It Matters: Wholesale inflation in India surged to 0.83% in December, primarily due to rising manufacturing and food prices.