For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September. In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 per cent.
The fall in wholesale prices inflation is in divergence with the rise in retail inflation for January. Consumer Price Index (combined)-based inflation rose to a 17-month high of 5.69 per cent in January.
Falling prices of commodities, especially Brent crude, this year have proved to be a boon for a net importer like India as inflation has started easing and petroleum subsidies are expected to be much lower from a year earlier, reports Banikinkar Pattanayak in New Delhi. Coupled with conducive bases, the drop in key commodity prices […]