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 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%.