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WPI inflation rises to 2.03% in Jan on costlier manufactured items, food prices ease


Highlights
It was (-) 1.11 percent previous month.
In non-food articles inflation was higher at 4.16 percent.
New Delhi: The wholesale price-based inflation rose to 2.03 percent in January, 2021, even as food prices cooled.
The rate of inflation, based on monthly WPI, stood at (2.03%) (provisional) for the month of January, 2021 (over January, 2020) as compared to 3.52% during the corresponding month of the previous year, an official release said.
While food articles saw softening in inflation in January, manufactured items witnessed hardening of prices, as per data released by the Commerce and Industry ministry. Food inflation in January stood at (-) 2.8 per cent, against (-) 1.11 per cent in the previous month. Inflation in vegetables and potatoes was (-) 20.82 per cent and 22.04 per cent during January, while in the fuel and power basket it was (-) 4.78 per cent. In non-food articles inflation was higher at 4.16 percentduring the month under review. ....

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