Legatus

WPI eases to six-month low of 2.84% in Jan

New Delhi, Feb 15 (KNN) The wholesale price index (WPI Index) eased to a six-month low of 2.84 % in January mainly due to cheaper food articles.

The inflation was 3.58 % in December 2017 and 4.26 % in January 2017.

WPI inflation at 2.84 % in January is the lowest in six months. The previous low level was recorded in July at 1.88 %.

According to the official data released today, inflation on food articles came down 3 % in January, from 4.72 % in December 2017.

Inflation in vegetables witnessed some softening with annual inflation at 40.77 % in January as against 56.46 % in the previous month. Onion prices witnessed a whopping 193.89 % price rise in January.

Pulses witnessed deflation at 30.43 %, and the same for wheat and cereals was 6.94 % and 1.98 % respectively.

Prices of protein rich items eggs, meat and fish cooled by 0.37 % while that of fruits rose 8.49 % in January.

In the fuel and power segment, wholesale inflation rose to 4.08 % in January, while it was 2.78 % for manufactured items.