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Wholesale price inflation stood at 3.1% in January

Updated: Feb 14, 2020 08:54:43am
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Wholesale price inflation stood at 3.1% in January

New Delhi, Feb 14 (KNN) The WPI for January stood at 3.1%, driven up by fuel and power, and the manufactured products. Data for Wholesale Price Index (WPI) was released by the Commerce and Industry Ministry on Friday.

The core wholesale inflation for January saw a contraction of 1 %against a contraction of 1.5% a month ago. Whole sale inflation price was 2.59% in December.

The annual inflation, based on monthly WPI was 2.76% in January 2019.

The inflation in food articles stood at 11.51% in January, lower than 13.24% a month ago. The price rise in vegetables stood at 52.72% in January, lower than 69.69% in December.

The price rise in eggs, meat and fish for January stood at 6.73% against 6.21% in December.

The inflation in non-food items for January came in at 7.05% against 7.72% a month ago.

Inflation in fuel and power was 3.42% compared to a negative 1.46% in December 2019. In manufactured products, which have a 64.23% weight in the index, the rate was 0.34% in January from a negative 0.25% in the trailing month.

Official data released on Wednesday showed India's retail inflation firming up to a 68-month high in January at 7.59%. (KNN/SS)

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