WPI inflation rises to 2.03% in January on costlier manufactured objects, meals costs ease

The wholesale price-based inflation rose to 2.03 per cent in January, 2021, at the same time as meals costs cooled.
The WPI inflation was 1.22 per cent in December, 2020 and three.52 per cent in January final 12 months.
While meals articles noticed softening in inflation in January, manufactured objects witnessed hardening of costs, as per information launched by the Commerce and Industry ministry.

Food inflation in January stood at (-) 2.8 per cent, in opposition to (-) 1.11 per cent within the earlier month.
Inflation in greens and potatoes was (-) 20.82 per cent and 22.04 per cent throughout January, whereas within the gasoline and energy basket it was (-) 4.78 per cent.
In non-food articles inflation was larger at 4.16 per cent through the month beneath overview.
The Reserve Bank of India (RBI) in its financial coverage determination on February 5, stored rates of interest unchanged for the fourth consecutive assembly and mentioned that the near-term inflation outlook has turned beneficial.

Meanwhile, retail inflation, primarily based on the patron worth index, was at 4.06 per cent in January, information launched final week confirmed.