18.6 C
New Delhi
Friday 6 December 2019
Economy Wholesale inflation eases to 6-month low of 2.84% in...

Wholesale inflation eases to 6-month low of 2.84% in Jan

New Delhi: Inflation based on wholesale prices eased to a six-month low of 2.84% in January on cheaper food articles even as vegetable prices continued to rule high.

Calculated on the basis of Wholesale Price Index (WPI), 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 government data released today, inflation on food articles slowed to 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. Kitchen staple onion 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, WPI rose to 4.08% in January, while it was 2.78% for manufactured items.

Data released earlier this week showed that CPI was at 5.07%. The Reserve Bank takes into account CPI while deciding on key policy rates.

In its policy review last week, the RBI had kept key interest rate unchanged and estimated CPI to be 5.1% in the January-March quarter. For April-September, RBI projected CPI to be in the range of 5.1-5.6%.

Meanwhile, WPI for November has been revised upwards to 4.02% from the provisional estimate of 3.93% released earlier.

PTI

Subscribe to our newsletter

You will get all our latest news and articles via email when you subscribe

The email despatches will be non-commercial in nature
Disputes, if any, subject to jurisdiction in New Delhi

Leave a Reply

Opinion

Trump Drives Democrats And Media Crazy

America can never be the same again, even after Trump leaves the White House,” say many, and you can read that anywhere

Balasaheb Thackeray’s Legacy Up For Grabs

The Uddhav Thackeray-led Shiv Sena has failed to live up to the ideals of Balasaheb, leaving a void that the BJP alone can fill

How BJP Pulled Off Maha Coup With Nobody Watching

As Devendra Fadnavis desisted from contradicting Uddhav Thackeray everyday, the media attention moved from the BJP to its noisy rivals

Anil Ambani: From Status Of Tycoon To Insolvency

Study the career of Anil Ambani, and you will get a classic case of decisions you ought not take as a businessman and time you better utilise

तवलीन सिंह, यह कैसा स्वाभिमान?

‘जिस मोदी सरकार का पांच साल सपोर्ट किया उसी ने मेरे बेटे को देश निकाला दे दिया,’ तवलीन सिंह ने लिखा। क्या आपने किसी क़ीमत के बदले समर्थन किया?
- Advertisement -

Elsewhere

Politicians, lawyers, journalists question Hyderabad ‘encounter’

While journalists condemned the encounter killing, some politicians exercised caution to avoid antagonising people who were cheering the cops

Sajjanar, Telangana’s ‘encounter’ pro, hails from Karnataka

His father is a native of the Asuti village of Ron taluka in the Gadag district, but Vishwanath C Sajjanar was born and brought up in Hubballi

Ajit Pawar exonerated under whose instructions?

Did ACB exonerate Ajit Pawar knowing that the regime would change on 28 November or they were clearing his name with Devendra Fadnavis's knowledge?

Family of raped, murdered vet hails Telangana Police

Not only the family of the veterinarian raped and murdered on 27 November but also those of the accused wanted them dead as soon as possible

Did Sajjanar plan the ‘encounter’ of rapists-killers?

In 2008, police in Warangal had similarly killed 3 students accused of an acid attack in an 'encounter' when Sajjanar used to be the area SP

You might also likeRELATED
Recommended to you

For fearless journalism

%d bloggers like this:
Skip to toolbar