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Jan WPI inflation eases to eight-month low of 5.05% - The Times of India
NEW DELHI: India's wholesale prices-based inflation eased to an eight-month low of 5.05 per cent in January, helped by moderating food prices, government data showed on Friday.
The wholesale price index's(WPI) annual rise compared with a 5.80 per cent jump forecast by economists in a Reuters poll. In December, wholesale prices, long seen as India's main inflation measure, rose 6.16 per cent.
The reading for November WPIinflation was unchanged at 7.52 per cent.
Food pricesrose 8.80 per cent year-on-year last month, much slower than an annual rise of 13.68 per cent in December.
A cooling in food prices helped slow down retail inflationto a two-year low of 8.79 per cent in January, data showed earlier this week.
NEW DELHI: India's wholesale prices-based inflation eased to an eight-month low of 5.05 per cent in January, helped by moderating food prices, government data showed on Friday.
The wholesale price index's(WPI) annual rise compared with a 5.80 per cent jump forecast by economists in a Reuters poll. In December, wholesale prices, long seen as India's main inflation measure, rose 6.16 per cent.
The reading for November WPIinflation was unchanged at 7.52 per cent.
Food pricesrose 8.80 per cent year-on-year last month, much slower than an annual rise of 13.68 per cent in December.
A cooling in food prices helped slow down retail inflationto a two-year low of 8.79 per cent in January, data showed earlier this week.
