Inflation turns negative at -0.39 per cent in Jan, food prices high
February 16, 2015 13:15
Inflation declined to a five and a half year low of (-)0.39 per cent in January on falling prices of manufactured and fuel items even though food articles remained high. Inflation measured on wholesale price index was at 0.11 per cent in December.
The data for November was revised downwards to a negative (-)0.17 per cent, from the provisional estimate of zero. However, food inflation witnessed a rising trend in January and scaled to a six month high of 8 per cent, as per the government data released today.
Inflation in pulses, vegetables and cereals was higher in January over the previous month. On the other hand, the rate of price rise in potato, milk, rice and protein rich items like egg, meat and fish was slower in the month under review.
The data for November was revised downwards to a negative (-)0.17 per cent, from the provisional estimate of zero. However, food inflation witnessed a rising trend in January and scaled to a six month high of 8 per cent, as per the government data released today.
Inflation in pulses, vegetables and cereals was higher in January over the previous month. On the other hand, the rate of price rise in potato, milk, rice and protein rich items like egg, meat and fish was slower in the month under review.
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