India's wholesale inflation fell to a 10-month low of 2.76 percent in January 2019 as against 3.80 percent in December 2018, helped by a smaller increase in prices of manufactured goods and fuel products, government data released on Thursday showed.

Share Market Live

NSE

The core inflation data for the month of January was at 2.9 percent as compared to 4.2 percent, monthly.

Wholesale inflation in food rose to 1.84 percent as against 0.07 percent in December 2018. WPI inflation in primary articles also rose to 3.54 percent versus 2.28 percent in the previous month.

Data released by the government showed fuel and power inflation slumped to 1.58 percent as against 8.38 percent in December 2018. This was on account of the lower prices of petrol and diesel through January.

source: tradingeconomics.com

The non-food articles inflation fell to 4.06 percent in January 2018, compared to 4.45 percent in the previous month.

The Ministry of Commerce and Industry revised the wholesale inflation data for November 2018 to 4.47 percent from 4.64 percent.

As per CNBC-TV18's poll, January WPI was expected to be 3.40 percent compared to 3.80 percent in December.

Analysts on an average expected wholesale inflation to be in the range of 3.10 percent to 3.80 percent. Core inflation data in January was expected to soften on a month-over-month basis on account of stable commodity prices.

(With inputs from Reuters)

First Published:Feb 14, 2019 12:06 PM IST