New Delhi: After retail inflation, wholesale inflation is also indicating increasing burden on consumers’ pockets. Wholesale inflation rose to 3.1 percent in January, the highest level in eight months. According to the government data, wholesale inflation has erupted due to increase in the prices of manufactured products. Retail inflation rose to 7.59 per cent, the highest level in the past five and a half years.
According to the Ministry of Commerce and Industry, the wholesale price index-based inflation was 2.76 percent in the same month last year. Last December, wholesale inflation stood at 2.59 per cent. According to a statement from the ministry, the wholesale price index for all commodities (100 in base 2011-12) rose 0.1 per cent to 122.9 in January from 122.8 in the previous month. Build-up inflation was 2.5 percent in the current financial year so far as compared to 2.49 percent in the same period last year.
The index of manufactured products rose 0.4 percent during this period. Its index rose from 118 to 118.5 per cent. The weightage of these products in the wholesale price index is 64.23 percent. Food inflation was 10.12 percent in January, compared to 11.05 percent in December. Inflation in primary articles declined from 11.46 percent to 10.01 percent. While inflation in manufactured products stood at 0.34 per cent, it declined 0.25 per cent in December.
According to government data released recently, retail inflation rose to 7.59 per cent in January, the highest in five and a half years. The rise in retail inflation was particularly due to the rise in food items. Food inflation rose by 13.63 percent to 14.12 percent.
