Wholesale inflation rate at 2.03 percent in January

BusinessWholesale inflation rate at 2.03 percent in January

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Wholesale inflation rate at 2.03 percent in January

New Delhi: Due to the fall in prices of vegetables, potatoes, onions and cereals, wholesale inflation has been recorded at 2.03 percent in January 2021 as against 3.52 percent in January 2020. The wholesale inflation tax rate was recorded at 1.22 percent in December 2020, according to data released here on Monday by the Union Ministry of Commerce and Industry. According to the data, prices of food items have declined in January 2021.

The market remains inward and demand is normal. In the month under review, the prices of coarse cereals were 7.34 percent, 0.12 percent in paddy, 11.62 percent in wheat, 22.04 percent in pulses, 32.53 percent in onions, 14.96 percent in baby oil and natural gas, 10.29 percent in petrol and 13.65 percent in high speed diesel. The percentage has decreased.

Prices of meat, fish and egg have come down by 1.76 percent. In the same month, the prices of fruits have gone up by 3.08 percent, 3.56 percent by milk, 8.85 percent by tahn and 2.68 percent by LPG.

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