ADVERTISEMENT

India's wholesale inflation rate slows down to 10-month low of 2.76% in January, 2019

ADVERTISEMENT
India's wholesale inflation rate, based on the monthly Wholesale Price Index (WPI), with base 2011-12=100, slowed down to a ten-month low of 2.76 percent in January, 2019 as compared to 3.80 percent in the previous month and 3.02 percent during the corresponding month of the previous year, provisional data released here today said.
 
The fall in the inflation rate was attributed to lower prices of fuel and some food items.
 
An official press release, citing the data, said the official WPI for ‘All Commodities’ (Base: 2011-12=100) for January, 2019 declined by 0.7 percent to 119.2 from 120.1 for the previous month.
 
The build-up inflation rate in the financial year so far was 2.49% compared to a build-up rate of 2.47% in the corresponding period of the previous year, it said.
 
The release said the rate of inflation based on WPI Food Index, consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group, increased from 0.07% in December, 2018 to 1.84% in January, 2019.
 
It said that the final WPI for ‘All Commodities’ (Base: 2011-12=100) for  November, 2018 stood at 121.6 as compared to 121.8 provisionally reported on December 14, 2018. Accordingly, the annual rate of inflation based on the final index stood at 4.47% as compared to 4.64% provisionally reported on that date, it added.
 
NNN
 

(Our News Desk can be contacted at desk@netindian.in)

Did you like this story? Make a donation and help us to serve you better.
ADVERTISEMENT
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.