Inflation eases to a 10-month low of 2.76% in January

The wholesale price inflation (WPI) rate fell to a 10-month low of 2.76 per cent in January, official figures released on February 14 showed. The inflation rate in December had stood at 3.80 per cent, while it was 3.08 per cent in January, 2018.

The trend is in line with the consumer price inflation rate, which declined to a 19-month low of 2.05 per cent in January from 2.11 in December, according to data released on Tuesday.

Among various segments, food items saw an inflation rate of 2.34 per cent in January. These items had witnessed deflation or fall in prices for the previous six months. In December, the deflation rate was at 0.07 per cent.

On the other hand, food items continued to see a fall in prices in the consumer price index (CPI) in January, even as the deflation rate came down to 2.17 per cent from 2.65 per cent in December. The inflation rate was down at 2.61 per cent, against 3.59 per cent in this period.