India’s wholesale inflation declines

Sambad English Bureau Published On : Feb 16, 2015 at 1:35 PM

New Delhi, Feb 16:

India’s wholesale price inflation decelerated by 0.39 percent in January from a high of 5.11 percent in the corresponding period of last fiscal, government data showed Monday.

BMW’s another all-electric car launched in India

Indian IT services sector to see 2nd-consecutive year of muted revenue growth: Report

India’s wholesale price index (WPI) based inflation had fallen to 0.11 percent in December 2014.

The rate of inflation based on WPI was nil for November from a rise of 1.77 percent in the corresponding period of last fiscal.

Data furnished by the commerce and industry ministry attributed the slowdown in WPI based inflation to decline in fuel and power prices.

Fuel and power inflation declined by 10.69 percent in January as compared to an increase of 9.82 percent in the corresponding period of last year.

Food inflation in the month under review stood at eight percent from 8.85 percent recorded in the corresponding month of 2014. IANS