Led by softening food prices, inflation as measured by the Wholesale Price Index (WPI) cooled to an eight-month low of 5.05 per cent in January, providing some relief to the common man.
The WPI inflation in January is the lowest since May 2013 and significantly lower than the 7.31 per cent figure in January 2013.
It is also the second straight month of deceleration in inflation, which stood at 7.52 per cent and 6.16 per cent, respectively, in November and December 2013.
This moderation comes on the heels of Consumer Price Index (CPI) inflation hitting a two-year low of 8.79 per cent in January. Read more
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