India's wholesale prices fall 0.39 percent in January

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Reuters NEW DELHI
Last Updated : Feb 16 2015 | 12:25 PM IST

NEW DELHI (Reuters) - India's wholesale prices declined an annual 0.39 percent in January, their second fall in three months, on the back of a sharp correction in oil prices, government data showed on Monday.

The data compared with a 0.4 percent year-on-year gain forecast by economists in a Reuters poll and a provisional 0.11 percent jump in December.

The reading for November wholesale price inflation was revised to -0.17 percent from 0.0 percent earlier.

(Reporting by Rajesh Kumar Singh; Editing by Douglas Busvine)

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First Published: Feb 16 2015 | 12:17 PM IST

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