India's wholesale prices fall 0.39 percent in January

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)