WPI inflation rises to 2.03% in January on costlier manufactured items; food prices ease – Times of India

NEW DELHI: The wholesale value-primarily based inflation rose to 2.03 per cent in January, 2021, at the same time as food prices cooled.
The WPI inflation was 1.22 per cent in December, 2020 and three.52 per cent in January final yr.
While food articles noticed softening in inflation in January, manufactured objects witnessed hardening of prices, as per information launched by the Commerce and Industry ministry.
Food inflation in January stood at (-) 2.8 per cent, towards (-) 1.11 per cent in the earlier month.
Inflation in greens and potatoes was (-) 20.82 per cent and 22.04 per cent throughout January, whereas in the gasoline and energy basket it was (-) 4.78 per cent.
In non-food articles inflation was increased at 4.16 per cent throughout the month underneath overview.
The Reserve Bank of India (RBI) in its financial coverage determination on February 5, saved rates of interest unchanged for the fourth consecutive assembly and mentioned that the close to-time period inflation outlook has turned beneficial.
Meanwhile, retail inflation, primarily based on the patron value index, was at 4.06 per cent in January, information launched final week confirmed.

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