New Delhi, Feb 14 (Bureau) The Wholesale Price Index (WPI)-based inflation eased to 4.73 percent in January on an annual basis, data shared by Ministry of Commerce showed on Tuesday. The WPI-based inflation recorded in December 2022 was 5.95 percent, the data showed. These are provisional data.
Decline in the rate of inflation in January, 2023 is primarily contributed by mineral oils, chemicals and chemical products, textiles, crude petroleum and natural gas, textiles, and food products, the commerce ministry said. The month over month change in WPI for the month of January, 2023 stood at 0.13 % as compared to December, 2022. Data shared by the government yesterday had showed that India’s retail inflation based on consumer price index (CPI) for January increased to 6.52 percent as against 5.72 percent in December 2022.