India's January WPI eases to 2.76%

Photo: IANS

New Delhi (IANS) India's annual rate of inflation based on wholesale prices eased to 2.76 percent in January from 3.02 percent reported for the corresponding month of 2018, official data showed on Thursday.

On a sequential basis, the Wholesale Price Index (WPI) data for January, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a slower rate than the rise of 3.80 percent reported for December 2018.

"The annual rate of inflation, based on monthly WPI, stood at 2.76 percent (provisional) for January 2019 (over January 2018) as compared to 3.80 percent (provisional) for the previous month and 3.02 percent during the corresponding month of the previous year," the Ministry said in its review of "Index Numbers of Wholesale Price in India" for January.

"Build up inflation rate in the financial year so far was 2.49 percent compared to a build up rate of 2.47 percent in the corresponding period of the previous year."

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