New Delhi: The annual rate of inflation has been pegged at 12.96 per cent for the month of January 2022, which is a continuous decline from 14.87 per cent in November 2021 and 13.56 per cent in December 2021. The high rate of inflation in January 2022 is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, basic metals, chemicals and chemical products, food articles etc as compared to the corresponding month of the previous year, said the Ministry of Commerce and Industry.

The office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) released index numbers of wholesale price in India (Base Year: 2011-12) for the month of January, 2022 (provisional) and for the month of November 2021 (final) today. The provisional figures of wholesale price index (WPI) are released on 14th of every month or next working day with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter. /BI/