Wholesale inflation decreased to a three-month low of 0.27% in January 2024

Wholesale inflation decreased to a three-month low of 0.27% in January 2024.
January’s WPI inflation decreased mostly as a result of moderate food costs, especially those of vegetables.
In January 2023, the percentage stood at 4.8%. It was 0.73% as of December 2023.
For January 2024, the All India Wholesale Price Index (WPI) data indicates an annual rate of inflation of 0.27 per cent (provisional).
Food inflation decreased from 9.38 per cent in December 2023 to 6.85 per cent in January 2024.
Vegetable inflation in food articles decreased to 19.71 percent in December from 26.3% in December.
Fruits, eggs, milk, seafood, and milk have all seen price reductions.
In January, the fuel and power segment had (-) 0.51 percent inflation. In December 2023, the inflation percentage was (-) 2.41% in this segment.
Inflation in manufactured products was (-) 1.13 percent in January. In the preceding month, it was (-) 0.71%.
In January 2024, the WPI index changed by (-) 0.33 percent from December 2023 to January 2024.
Prices of minerals increased in January 2024 over December 2023.
On the other side, prices of crude petroleum and natural gas, non-food articles and food articles, declined in January 2024 over December 2023.