WPI inflation declines to 10-month low in January

NEW DELHI : Inflation based on wholesale prices fell to a 10month low of 2.76% in January over the previous month on softening prices of fuel and some food items, according to government data released on Thursday. The Wholesale Price Index (WPI)-based inflation stood at 3.8% in December, 2018, and 3.02% in January 2018. WPI inflation stood at 2.74% in March 2018. Inflation in kitchen essentials like potato, onion, fruits, and milk softened in January over the previous month, the data revealed. However, the rate of price rise in the food basket, as a whole, rose to 2.34% in the month under review compared to a deflation (-0.07%) in the previous month. The retail inflation, released earlier this week, too declined marginally to 2.05% in January over the previous month.