1. WPI inflation falls for 15th straight month in Jan to -0.9% vs -0.73% in Dec

WPI inflation falls for 15th straight month in Jan to -0.9% vs -0.73% in Dec

WPI inflation fell to (-)0.9 per cent in January as food articles, mainly vegetables and pulses, turned cheaper.

By: | New Delhi | Updated: February 15, 2016 1:04 PM
wpi inflation

WPI inflation fell to (-)0.9 per cent in January as food articles, mainly vegetables and pulses, turned cheaper. (Photo: Reuters)

Wholesale price inflation (WPI) fell for 15th straight month in January and touched -0.9 per cent as food articles, mainly vegetables and pulses, turned cheaper. The WPI inflation index was 0.73 per cent in December.

Food inflation stood at 6.02 per cent in January as against 8.17 per cent in December, showed official data.

Inflation in pulses and onion eased to 44.91 per cent and 5.51 per cent, respectively. The rate of price rise in the case of vegetables was 12.52 per cent in January and for fruits, it stood at (-)2.32 per cent.

Price growth in potato was (-)17.08 per cent while that of egg, meat and fish came in at 5.69 per cent.

The inflation print in the fuel and power segment was (-)9.21 per cent and for manufactured products, it read (-)1.17 per cent in January.

The November Inflation has been revised to (-)2.04 per cent from the provisional estimate of (-)1.99 per cent.

Last week, data showed that retail inflation has been rising for six straight months and stood at nearly one and a half-year high of 5.69 per cent in January.

The Reserve Bank of India looks into mainly retail inflation data while firming up its monetary policy stance.

With PTI inputs

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