India’s WPI inflation eases to 4.73 pc
New Delhi: The Wholesale Price Index (WPI)-based inflation eased to 4.73 percent in January on an annual basis, data shared by the Ministry of Commerce showed on Tuesday.
The WPI-based inflation recorded in December 2022 was 5.95 percent, the data showed.
These are provisional data. The decline in the rate of inflation in January 2023 is primarily contributed by mineral oils, chemicals, and chemical products, textiles, crude petroleum and natural gas, textiles, and food products, the commerce ministry said.
The month-over-month change in WPI for the month of January 2023 stood at 0.13 % as compared to December 2022.
Data shared by the government yesterday had shown that India's retail inflation based on the consumer price index (CPI) for January increased to 6.52 percent as against 5.72 percent in December 2022.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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