Indian shares rose on Thursday, tracking other Asian peers, after underlying U.S. inflation softened in December, boosting the likelihood of further rate cuts by the Federal Reserve. The Nifty 50 was up 0.

The WPI for all commodities decreased marginally by 0.38 per cent month-over-month (MoM) in December 2024, reflecting price corrections across certain segments.

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%.

India's annual retail inflation in December eased to a four-month low, government data showed on Monday, boosting hopes of the country's central bank cutting interest rates in February. Annual retail inflation in December eased to 5.

India’s inflation eased last month, while the rupee plunged to a new record low, giving the central bank reason to remain cautious even as most analysts predict interest rate cuts from February.

The All India Consumer Price Index (CPI)-based annual retail inflation stood at 5.22% in December, down from 5.48% in November according to the Ministry of Statistics & Programme Implementation (MoSPI) data. The latest retail inflation number is in line with the Reserve Bank of India (RBI) 's medium-term target band of 2-6%.