India’s WPI inflation rises to 2.03% in January – highest in 11 months
The WPI inflation figure for January 2020 was 3.52%. Representative image: Vendors wait for customers at their respective shops at a retail market in Kolkata. | Reuters
The wholesale price-based inflation rose to a 11-month-high at 2.03% in January this year, as compared to 1.22% in December, showed data released by the government on Monday. This was mainly due to an increase in the prices of manufactured goods. The WPI inflation, an indicator of prices in the wholesale market, for January 2020 was 3.52%.
The rate of inflation based on WPI Food Index decreased from 0.92% in December to -0.26% in January. For manufactured products, the inflation rose to 5.13% in January, as compared to 4.24% in December.