WPI Inflation Eases For The Second Straight Month To 2.84 Per Cent In Jan


WPI Inflation Eases For The Second Straight Month To 2.84 Per Cent In Jan

India’s annual wholesale price inflationeased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday.

Annual wholesale price inflation last month slowed to 2.84 percent from a year earlier, from a provisional 3.58 percent rise in December.

The rise in January compares with a 3.25 percent increase forecast by economists in a Reuters poll.

Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed. Read More…

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