WPI inflation eases to 2.84% in January
New Delhi: India’s annual wholesale price inflation (WPI) eased 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 WPI last month slowed to 2.84% from a year earlier, from a provisional 3.58% rise in December. The rise in January compares with a 3.25% increase forecast by economists in a Reuters poll.
Wholesale food prices in January rose 1.65% year-on-year, compared with a 2.91% rise a month earlier, data showed.
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