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 wholesale inflation rate,

India’s inflation rate fell for the second month in a row in December, reaching 5.22% year-on-year, below the 5.30% predicted by analysts polled by Reuters. The data could provide more leeway for India’s central bank- The Reserve Bank of India (RBI) to consider cutting interest rates to support economic growth.

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.