India’s wholesale inflation eased to 2.31% in January, down from 2.37% in December, as per government data released on Friday.
Primary articles inflation dropped to 4.69% from 6.02%, while fuel and power wholesale prices declined by 2.78% compared to a 3.79% fall in December.
Manufactured product prices saw an increase, rising to 2.51% in January from 2.14% in the previous month.
Wholesale food inflation also moderated, easing to 7.47% from 8.89% in December.
Retail inflation reached a five-month low of 4.31% in January, with food inflation falling to 6.02% from 8.39% in December.
The RBI expects inflation to average 4.8% this financial year and decline to 4.2% next year while maintaining its 4% target within a 2% range.
Stay Ahead with Any Stock. Ask the Analyst.
The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!
