CPI Monthly Review December 2022
CPI Monthly Review December 2022
1. CPI inflation General, increased to 24.5% on year-on-year basis in Dec 2022 as compared to an
increase of 23.8% in the previous month and 12.3% in Dec 2021. On month-on-month basis, it
increased to 0.5% in Dec 2022 as compared to an increase of 0.8% in the previous month and with no
change in Dec 2021.
2. CPI inflation Urban, increased to 21.6% on year-on-year basis in Dec 2022 as compared to an
increase of 21.6% in the previous month and 12.7% in Dec 2021. On month-on-month basis, it
increased to 0.3% in Dec 2022 as compared to an increase of 0.4% in the previous month and an
increase of 0.3% in Dec 2021.
3. CPI inflation Rural, increased to 28.8% on year-on-year basis in Dec 2022 as compared to an
increase of 27.2% in the previous month and 11.6% in Dec 2021. On month-on-month basis, it
increased to 0.7% in Dec 2022 as compared to an increase of 1.3% in the previous month and a
decrease of 0.5% in Dec 2021.
4. SPI inflation on YoY increased to 27.8% in Dec 2022 as compared to an increase of 27.1% a month
earlier and an increase of 20.9% in Dec 2021. On MoM basis, it increased by 0.2% in Dec 2022 as
compared to an increase of 6.1% a month earlier and a decrease of 0.4% in Dec 2021.
5. WPI inflation on YoY basis increased to 27.1% in Dec 2022 as compared to an increase of 27.7% a
month earlier and an increase of 26.2% in Dec 2021. On MoM basis, it decreased by 0.7% in Dec
2022 with no change a month earlier and a decrease of 0.2% in corresponding month i.e. Dec 2021.
6. Figures 1 and 2 show graphically the yearly data of Table 1.a for Urban and Rural CPI while Table 1.1
shows “Period Average” and “YoY” percent changes in indices of three years.
Mar-21 9.1 0.4 8.7 0.3 9.5 0.5 11.5 1.7 11.1 1.5 7.1 -0.6 8.1 -0.4 18.7 5.7 14.6 3.7
Apr-21 11.1 1.0 11.0 1.3 11.3 0.6 15.7 2.7 14.1 0.9 8.2 0.5 8.9 0.3 21.3 0.4 16.6 -0.4
May-21 10.9 0.1 10.8 0.2 10.9 -0.03 15.3 1.1 12.8 0.2 8.3 -0.3 9.2 -0.3 19.7 0.8 19.4 0.3
Jun-21 9.7 -0.3 9.6 -0.4 9.7 -0.1 11.0 -1.9 9.8 -0.8 8.8 0.5 9.7 0.6 17.6 -0.4 20.9 0.9
Jul-21 8.4 1.3 8.7 1.3 8.0 1.4 9.4 1.5 7.3 1.6 8.2 1.1 8.7 1.2 16.2 1.8 17.3 2.3
Aug-21 8.4 0.6 8.3 0.5 8.4 0.7 10.2 0.5 9.1 0.8 7.2 0.5 7.7 0.6 15.9 0.7 17.1 1.2
Sep-21 9.0 2.1 9.1 2.0 8.8 2.3 10.8 3.6 9.1 3.7 8.1 1.1 8.5 1.0 16.6 2.7 19.6 3.2
Oct-21 9.2 1.9 9.6 1.7 8.7 2.2 9.4 1.5 7.2 2.6 9.7 1.8 10.0 1.9 15.2 2.1 21.2 4.2
Nov-21 11.5 3.0 12.0 2.9 10.9 3.1 11.9 3.9 8.6 3.3 12.0 2.2 13.0 3.0 18.1 3.6 27.0 3.8
Dec-21 12.3 0.0 12.7 0.3 11.6 -0.5 11.7 -2.3 9.0 -3.1 13.4 2.0 14.0 1.9 20.9 -0.4 26.2 -0.2
Jan-22 13.0 0.4 13.0 0.1 12.9 0.9 13.3 -0.8 11.8 0.4 12.8 0.6 13.9 1.4 20.9 -0.8 24.0 0.6
Feb-22 12.2 1.2 11.5 0.9 13.3 1.5 14.3 2.2 14.6 2.6 9.9 0.2 12.2 0.4 18.7 1.3 23.6 1.9
Mar-22 12.7 0.8 11.9 0.7 13.9 1.0 14.5 1.8 15.5 2.3 10.4 -0.1 12.5 -0.2 13.0 0.6 23.8 3.9
Apr-22 13.4 1.6 12.2 1.6 15.1 1.6 15.6 3.7 17.7 2.8 10.2 0.3 12.8 0.5 14.2 1.5 28.1 3.2
May-22 13.8 0.4 12.4 0.3 15.9 0.6 15.5 1.0 19.0 1.3 10.4 -0.1 13.1 0.0 14.1 0.6 29.6 1.4
Jun-22 21.3 6.3 19.8 6.2 23.6 6.6 24.0 5.3 27.0 6.0 17.3 6.8 20.4 7.1 21.7 6.2 38.9 8.2
Jul-22 24.9 4.3 23.6 4.5 26.9 4.2 27.4 4.3 29.6 3.7 21.3 4.6 24.5 4.6 28.2 7.3 38.5 2.0
Aug-22 27.3 2.4 26.2 2.6 28.8 2.2 28.8 1.6 30.2 1.2 24.7 3.3 27.5 3.1 34.0 5.2 41.2 3.1
Sep-22 23.2 -1.2 21.2 -2.1 26.1 0.2 30.8 5.2 32.7 5.7 15.2 -6.6 20.1 -4.9 28.6 -1.4 38.9 1.4
Oct-22 26.6 4.7 24.6 4.5 29.5 5.0 34.7 4.5 37.2 6.1 18.2 4.5 22.4 3.9 24.0 -1.5 32.6 -0.5
Nov-22 23.8 0.8 21.6 0.4 27.2 1.3 29.7 0.0 33.5 0.5 16.4 0.6 21.4 2.1 27.1 6.1 27.7 0.0
Dec-22 24.5 0.5 21.6 0.3 28.8 0.7 32.7 0.0 37.9 0.1 14.8 0.6 20.7 1.4 27.8 0.2 27.1 -0.7
** SPI for quintile 1. Digits 0.0* are due to rounding off.
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