WPI inflation at over 5- year low; ups hopes of another rate cut

摘要

The continued fall in petrol and diesel prices dragged the Wholesale Price Index (WPI)- based inflation for January to a five-and-a-half year low of (-] 0.39%. The last time the WPI inflation hit such a low was in June 2009 at (-) 0.4%. The WPI has declined from 3.85% in August 2014 to (-) 0.39%. Prices of food articles - which have a 14% weight in WPI - have, however, risen in recent months. Manufacturing based inflation was static.