INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Wholesale rate inflation relieved to a near twoyear low in January as rates of some food products, produced products and fuel
rates softened in contrast to retail inflation, which rose to a three-month high during the month due to the increase in rates of cereals,
eggs, meat, fish and milk and reversed the relieving trend.Data released by the commerce and market ministry on Tuesday revealed inflation,
as determined by the Wholesale Price Index (WPI), increased a yearly 4
7% in January, lower than the previous months 4
Decrease in the rate of inflation is primarily led by moderating costs of mineral oils, chemicals - & chemical items, textiles, crude
petroleum - & gas, and food, according to an official statement.WPI inflation had actually slipped listed below the 5% mark for the very
first time in 22 months in December after staying in double digits for 18 successive months and had actually started easing because
October.The data revealed vegetable rates contracted by 26
5%in the month while produced product rates rose nearly 3%, lower than in 2015s 9
Fuel and light prices also moderated.
