News

Wholesale inflation rises to 2.03% in January due to high cost of manufactured goods

Advertisements

According to the data, in January 2021, the wholesale price inflation of food items fell to minus 2.6 percent. It dropped to minus 1.11 percent a month ago in December 2020.

Even after food prices softened, inflation rose to 2.03 percent in January 2021 on the basis of wholesale prices. The main reason for this is the increase in the price of manufactured goods. This is found in the latest statistics. According to the Ministry of Commerce and Industry, food prices were moderated in January. However, the prices of manufactured goods have gone up. Wholesale (WPI) inflation was 1.22 percent in December 2020 and 3.52 percent in 2020.

According to the data, in January 2021, the wholesale price inflation of food items fell to minus 2.6 percent. It dropped to minus 1.11 percent a month ago in December 2020.

SBI’s single net profit fell seven per cent in the third quarter

During the period, wholesale price inflation of vegetables was below 20.62 per cent and inflation of fuel and electricity was minus 4.7878 per cent. However, the wholesale price rise during this period was 22.04 percent. Inflation in the non-food category was 4.116 percent during the period.

Newsbip

Advertisements

fwn({ app_id: 'vbfSDYYeMhsSGS7hb7LjvAStfDroYVRC', placement: 'middle', page_type: 'article', target: document.getElementById('fwn_videos') }); });

RBI Monetary Policy: GDP Growth 10.5% in FY 2010-2011, RBI did not change key rates

Listen to the latest songs, only at JioSaavn.com

The Reserve Bank of India (RBI) kept interest rates unchanged for the fourth consecutive meeting in its monetary policy announcement on February 5. The Reserve Bank announced that the inflation situation has become favorable in the near future.

(This news is not edited by NDTV team. It is published directly from Syndicate feed))

Advertisements

Show More

Related Articles

Leave a Reply

Back to top button