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Wholesale Price Inflation Rises 0.27% On Year In January, Records Monthly Decline
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 0.27% (Provisional) for the month of January, 2024 (over January, 2023), according to data from Ministry of Commerce & Industry today. The inflation stood at 0.73% in December. Positive rate of inflation in January, 2024 is primarily due to increase in prices of food articles, machinery & equipment, other manufacturing, minerals, other transport equipment etc. The month over month change in WPI index for the month of January, 2024 stood at -0.33 % as compared to December, 2023.