New Delhi: Wholesale price inflation in India eased marginally in January. The decline in food prices is the reason for this. As per data , released by the commerce and industry ministry, inflation as measured by the wholesale price index (WPI) rose an annual 2.3% in January, softening slightly from the 2.4% in December.
Positive rate of inflation in January 2025 is primarily due to increase in prices of manufacture of food products, food articles, other manufacturing, non-food articles and manufacture of textiles.
Earlier data released by the NSO showed retail inflation, as measured by the consumer price index (CI), slowed to a five-month low in January, aided by a softening in food prices.
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The data showed inflation in food articles slowed to 5.9% in January from 6% in the previous month. Vegetable prices, which have been stubborn, softened to 8.4%, moderating from 28.7% in the previous month. Inflation in potatoes eased a tad, rising 74.3% from 93.2% in Dec, but onion prices strengthened 28.3% in Jan from 16.8% in the previous month.
The Reserve Bank of India (RBI) has been asked to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
Wholesale Price Index (WPI) is a measure of the average change in the price of goods at a wholesale level or in the wholesale market. Consumer Price Index (CPI) is a price index that calculates price changes of goods and services that a consumer has to pay in the retail market. The monetary police of Reserve Bank of India are made after reviewing the CPI.
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