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India's inflation falls to 5.05 percent in January

Posted on Feb 14 2014 | IANS

New Delhi, Feb 14 : India's wholesale price based inflation fell to 5.05 percent in January, the lowest level in seven months, on the back of slower increase in food and vegetables prices, the government data showed Friday.

India's main inflation indicator measured in terms of the Wholesale Price Index (WPI) was at 7.31 percent in the corresponding month of last year and 6.16 percent in December 2013.

Food inflation eased to 8.8 percent in January from a high of 13.68 percent in the previous month, according to data released by the ministry of commerce and industry here.

Vegetable prices that surged by 57.33 percent year-on-year in December posted a slower increase of 16.6 percent in January.

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