The wholesale price-based inflation climbed to 3.1 percent in January from two. 59 percent in the prior month, government data showed on Friday. The buildup inflation rate stood at two. 50 percent thus far this fiscal year, according to two. 49 percent in the corresponding period one year ago, according to the Ministry of Commerce.
The wholesale inflation of food posts dropped 1 percent in January from December because of reduced cost of vegetables and fruits as well as tea, arhar dal, beef and buffalo beef, g and pork.
The indicator for’Manufacture Of Leather And Related Products’ group decreased by 0.5 percent to 118.3 out of 118.9 for the preceding month because of reduced cost of chrome tanned leather, leather belt and shoe along with other articles of leather (1 percent each). On the other hand, the purchase price of vegetable tanned leather (2 percent ), harness, saddles and other associated things, travel goods, handbags, office bags, etc transferred by one percent.