India WPI Dips to -0.39% in January

On the basis of sharp decline in oil, fuel and power prices, India’s wholesale price index (WPI) dipped into negative at -0.39 per cent as against 0.11 per cent last month.

According to official government data, WPI decelerated from a high of 5.11 per cent in the corresponding period of last fiscal.

The reading for November WPI inflation was revised to -0.17 per cent from 0 per cent earlier. The rate of inflation based on WPI was nil for November from a rise of 1.77 per cent in the corresponding period of last fiscal.

Food article inflation is at 8 per cent versus 5.2 per cent last month and 8.85 per cent recorded in the corresponding month of 2014 while non food article index is down by 0.7 per cent.

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