WPI Inflation Further Eases To 4.73% In January Vs 4.95% In December
Edited By: Mohammad Haris
Last Updated: February 14, 2023, 12:49 IST
In November, the inflation had stood at a 21-month low of 5.85 per cent. (Photo: News18/File)
Decline in the WPI inflation in January 2023 is primarily contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, and food products
India’s Wholesale Price Index (WPI)-based inflation in January 2023 has further declined to 4.73 per cent, against 4.95 per cent in December 2022. In November, the inflation had stood at a 21-month low of 5.85 per cent.
“Decline in the rate of inflation in January 2023 is primarily contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, and food products,” the commerce and industry ministry said in a statement.
Inflation in food articles was 2.38 per cent; while in fuel and power, it was 15.15 per cent during January 2023. Inflation in manufactured products was 2.99 per cent during the month, according to the latest data from the commerce and industry ministry.
According to the latest CPI data released on Monday, the country’s retail inflation jumped to a three-month high of 6.52 per cent in January 2023, mainly due to costlier food and fuel. In December 2022, the Consumer Price Index (CPI)-based inflation had eased to 5.72 per cent. In November 2022, it had fallen to 5.88 per cent. The retail inflation came under the RBI’s 2-6 per cent band in November with 5.88 per cent rate after remaining beyond it for 10 months consecutively.
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