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Economic Survey 2022: WPI continues to surge, India needs to be wary of imported inflation

The wholesale price-based inflation during the current financial year, in contrast to the trends observed in the Consumer Price Index (CPI) inflation, has shown an increasing trend, and remained high, said the Economic Survey.

January 31, 2022 / 02:01 PM IST
Union Finance Minister Nirmala Sitharaman (Illustration: Moneycontrol)

Union Finance Minister Nirmala Sitharaman (Illustration: Moneycontrol)

Finance Minister Nirmala Sitharaman tabled the Economic Survey for 2021-22 in the Lok Sabha on January 31 ahead of the Budget 2022 for the financial year 2023 - due on February 1.

The wholesale price-based inflation (WPI) during the current financial year, in contrast to the trends observed in the Consumer Price Index (CPI) inflation, has shown an increasing trend, and remained high, said the Economic Survey report.

India’s CPI stood at 5.6 percent YoY in December 2021 which is within the targeted tolerance band, reported CNBC-TV18. However, Wholesale price inflation continues to run in double-digits.

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