Business News
1 min read | Updated on February 14, 2024, 12:59 IST
SUMMARY
The month over month change in WPI index for the month of January, 2024 stood at -0.33 % as compared to December, 2023. To 3.79% in January, 2024
WPI for the month of February would be released on March 14, 2024
Government data released on Wednesday revealed a deceleration in India's wholesale price index growth for January, primarily attributed to a decrease in food prices and a decline in manufactured product prices.
Fuel and power prices exhibited a decrease of 0.51% compared to a year earlier, marking a significant shift from the 2.41% drop observed in December. Additionally, prices of primary articles rose by 3.84%, a decrease from the 5.78% rise recorded a month earlier.
These trends follow recent government data indicating a three-month low in the country's annual retail inflation rate for January, underscoring ongoing fluctuations in India's economic landscape.
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