India's wholesale inflation, merchandise exports rise in December

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India's wholesale inflation, merchandise exports rise in December

STORY: India's wholesale inflation, merchandise exports rise in Dec. SHOOTING TIME: Jan. 15, 2024 DATELINE: Jan. 17, 2024 LENGTH: 00:01:45 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of wholesale markets 3. various of gems and jewellery 4. various of electronic goods STORYLINE: India's wholesale price index (WPI) rose 0.73 percent year on year in December 2023, data released by the country's Ministry of Commerce and Industry said Monday. The positive rate of inflation in December is primarily due to an increase in the prices of food, machinery and equipment, transport equipment and computers, electronics and optical products, etc., the ministry said in a statement. WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increases or decreases in commodity prices globally. Meanwhile, India's merchandise exports in December 2023 were registered at 38.45 billion U.S. dollars, rising 1 percent year on year, said the state

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