WPI: Wholesale inflation decreased to 0.27% in January, relief from softening of food prices
WPI: Based on the Wholesale Price Index, inflation was negative from April to October before increasing to 0.39 per cent in November.
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Inflation based on the Wholesale Price Index declined to 0.27 per cent in January due to the softening of food prices. WPI inflation was 0.73% in December 2023. Based on the Wholesale Price Index, inflation was negative from April to October before increasing to 0.39 per cent in November.
The Commerce and Industry Ministry said in a statement on Wednesday that the "annual rate of inflation based on All India Wholesale Price Index (WPI) numbers for January 2024 (over January 2023) is 0.27 per cent (provisional)."
Food inflation declined to 6.85 per cent in January compared to 9.38 per cent in December 2023, the data showed. Inflation in vegetables stood at 19.71 per cent in January, which was 26.3 per cent in the previous month. In January, wholesale inflation in pulses stood at 16.06 per cent, while in fruits it was 1.01 per cent. Wholesale inflation in January 2023 was 4.8 per cent.
