Image Source : ANI WPI inflation rises to 2.03 laptop in Jan on costlier manufactured gadgets, meals costs ease
The wholesale price-based inflation rose to 2.03 p.c in January 2021, at the same time as meals costs cooled. The WPI inflation was 1.22 p.c in December 2020 and three.52 p.c in January final yr. While meals articles noticed softening in inflation in January, manufactured gadgets witnessed a hardening of costs, as per information launched by the Commerce and Industry ministry.
Food inflation in January stood at (-) 2.8 p.c, towards (-) 1.11 p.c within the earlier month.
Inflation in greens and potatoes was (-) 20.82 p.c and 22.04 p.c throughout January, whereas within the gasoline and energy basket it was (-) 4.78 p.c.
In non-food articles, inflation was larger at 4.16 p.c in the course of the month beneath overview.
The Reserve Bank of India (RBI) in its financial coverage resolution on February 5, saved rates of interest unchanged for the fourth consecutive assembly and stated that the near-term inflation outlook has turned beneficial.
Meanwhile, retail inflation, based mostly on the patron value index, was at 4.06 p.c in January, information launched final week confirmed.
ALSO READ | January retail inflation declines to 4.06%, greens develop into cheaper
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