In January, India’s Wholesale Price Index (WPI) inflation fell to 0.27 per cent, largely due to a decrease in food prices. This marked a significant decrease from December 2023.
The Wholesale Price Index (WPI)-based inflation fell to 0.27 percent in January due to falling food prices.
This is lower than December 2023’s WPI inflation of 0.73 percent. WPI inflation was negative from April to October but positive in November at 0.39 percent.
On Wednesday, the commerce and industry ministry reported 0.27 percent annual inflation based on the All India Wholesale Price Index for January 2024 compared to January 2023.
Food inflation saw a decline to 6.85 per cent in January, down from 9.38 per cent in December 2023. Vegetable inflation fell to 19.71% from 26.3% the month before. Pulses had 16.06 percent WPI inflation, while fruits had 1.01 percent.
January 2023 wholesale inflation was 4.8%, a considerable drop from the previous year.
Conclusion
Food price drops lowered India’s Wholesale Price Index (WPI)-based inflation to 0.27 percent in January. This is down significantly from December 2023’s 0.73 percent. Vegetable inflation dropped to 19.71% and pulses to 16.06%. In January 2023, wholesale inflation was at a higher rate of 4.8%.
