WPI eases to six-month low of 2.84% in Jan

Galtero Lara
Febrero 15, 2018

Wholesale price inflation (WPI) eased to a six month low in January following cheaper food and fuel prices.

In January, wholesale food prices rose 1.65% since the same month past year, down from a 2.91% rise in the previous month, the data showed.

The index for Food Articles group declined by 2.4 percent to 140.6 from 144.1 for the previous month. This is the lowest level of wholesale inflation since July a year ago when it fell to 1.88 per cent.

Inflation in vegetables witnessed some softening with annual inflation at 40.77 % in January as against 56.46 % in the previous month. Kitchen staple onion witnessed a whopping 193.89 per cent price rise in January.

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Pulses witnessed deflation at 30.43 %, and the same for wheat and cereals was 6.94 % and 1.98 % respectively. Paddy prices rose by 4.59 per cent, potatoes by 8.68 per cent and fruits by 8.49 per cent.

The WPI inflation had reached an eight-month high of 3.93% in November 2017.

In its policy review last week, the RBI had kept key interest rate unchanged and estimated retail inflation to be 5.1 pc in the January-March quarter.

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