Wholesale inflation comes in at 2.76% in January
Thursday,
14-Feb-2019
12:17 PM (IST)
Wholesale prices in India eased to 2.76 percent in January, as compared to 3.80 percent in December, due to cheaper food and fuel prices, data released by the commerce and industry ministry showed. Wholesale inflation, measured by the Wholesale Price Index (WPI), grew 2.84 percent in January 2017. WPI Inflation data for November has also been revised to 4.47 percent from 4.64 percent earlier.The WPI is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices. Prices of primary articles — including food articles — which account for more than a fifth of the entire wholesale price index, came in at 3.54 percent in January as against 2.28 percent in December.
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