WPI inflation January food prices manufactured items

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WPI inflation rises to 2.03 per cent in January

The wholesale price-based inflation rose to 2.03 per cent in January 2021, at the same time as food prices cooled. The WPI inflation was 1.22 per cent in December 2020 and three.52 per cent in January final yr. While food articles noticed softening in inflation in January, manufactured items witnessed a hardening of prices, as per knowledge launched by the Commerce and Industry ministry.

Food inflation in January stood at (-) 2.8 per cent, towards (-) 1.11 per cent within the earlier month.

Inflation in greens and potatoes was (-) 20.82 per cent and 22.04 per cent throughout January, whereas within the gasoline and energy basket it was (-) 4.78 per cent.

In non-food articles, inflation was larger at 4.16 per cent in the course of the month underneath overview.

The Reserve Bank of India (RBI) in its financial coverage choice on February 5, saved rates of interest unchanged for the fourth consecutive assembly and stated that the near-term inflation outlook has turned beneficial.

Meanwhile, retail inflation, based mostly on the buyer worth index, was at 4.06 per cent in January, knowledge launched final week confirmed.

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