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Wholesale inflation decreases in January
Feb 15, 2014

India’s wholesale price-based inflation eased to an eight-month low to 5.05 per cent in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.

Wholesale inflation had stood at 6.16 per cent in December last year, and at 7.52 per cent in November.

Inflation in food articles dropped sharply to 8.8 per cent in January, from 13.68 per cent in December.  Vegetable prices rose 16.6 per cent in January, compared with a 57.33 per cent increase in December. Onion prices climbed 6.59 per cent in January, compared with a 39.56 per cent increase in December. Fruits were cheaper, as were protein-rich items such as eggs, meat and fish. Inflation in the fuel and power segment was 10.03 per cent in Jaunuary and inflation in manufactured products rose marginally, to 2.76 per cent.

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