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January WPI inflation I WPI inflation in January rises to 2% from 1.22% a month ago


Wholesale price inflation (WPI) increased to 2.03% in January 2021 as compared to 1.22% in December 2020.
At 2.03%, WPI-based inflation inches higher in January 2021  |  Photo Credit: ANI
Key Highlights
Wholesale food prices declined 2.24% YoY due to decline in vegetables, potato and onion prices
WPI prices of non-food articles grew by 4.16% YoY while manufactured products increased by 5.3% in January 2021 as compared to corresponding month last year
Wholesale price inflation (WPI) increased to 2.03% in January 2021 as compared to 1.22% in December 2020 mainly on account of increase in prices of manufactured goods . Food prices dipped 2.24% as compared to January 2020.  
A major decline in onion (-32.55%), potato (-22.04%) and vegetables (-20.82%) prices dragged food basket lower.    ....

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India's WPI inflation rises to 2.03% in January – highest in 11 months


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. ....

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