WPI inflation eases to 12.96% in Jan from 13.56% in the previous month

Wholesale price index (WPI)-based inflation rate decelerated to 12.96% in January from 13.56% in the preceding month as per the data released by the industry department.

India’s wholesale price inflation rate eased in January but remained in double digits for the 10th consecutive month amid rising crude oil prices.

Data released by the industry department showed wholesale price index (WPI)-based inflation rate decelerated to 12.96 per cent in January from 13.56 per cent in the preceding month. During January, while inflation for manufactured items eased to 9.42 per cent, food inflation rate accelerated to double digits at 10.33 per cent mostly due to an unfavourable base. Fuel inflation rate marginally eased to 32.27 per cent in January from 32.3 per cent in December.

The decline in