Wholesale Inflation Rises 2.03 Percent In January

Wholesale inflation rises 2.03 percent in January, food prices fall. The wholesale inflation has increased in the month of January.

Wholesale price-based inflation has increased to 2.03 percent in January 2021. The wholesale inflation has increased due to an increase in the prices of manufactured products.

However, food prices have come down. WPI inflation was 1.22 percent in December 2020. At the same time, wholesale inflation was at 3.52 percent in the same period a year earlier, ie in January 2020.

However, inflation in food items has come down slightly in January. At the same time, the prices of manufactured goods saw a jump.

This information has been provided by the data released by the Ministry of Commerce and Industry. Food inflation in January was (-) 2.8 percent. It was (-) 1.11 percent in the previous month.

In January, inflation in vegetables and potatoes was (-) 20.82 percent and (-) 22.04 percent respectively. Apart from this, inflation in fuel and power basket was (-) 4.78 percent.

Inflation in non-food articles stood at 4.16 percent in January. The Reserve Bank of India, in its monetary policy decision on February 5, held key interest rates stable for the fourth consecutive meeting.

The central bank said that the inflation outlook turned favorable in the near term. According to the data released last week, the retail inflation based on the consumer price index was at 4.06 percent in January.

Stock market sets new record: Sensex crosses 52000 for the first time, banking stocks show boom.

The stock market opened with a big jump on the first trading day of the week.

At 09:17 in the morning, the Bombay Stock Exchange’s leading index Sensex was up by 441.43 points at 51,985.73 and the National Stock Exchange Nifty was trading at 15,285.10 with a rise of 121.80 points.

The market today crossed the 52000 marks for the first time. The market capitalization of seven of the top ten Sensex companies in the stock market increased by Rs 1,40,430.45 crore in total. Reliance Industries was the biggest beneficiary of these.

On the last trading day of the week i.e. Friday, the domestic stock market closed with a slight gain. The Bombay Stock Exchange’s flagship index Sensex jumped 12.78 points to end at 51,544.30.

At the same time, the National Stock Exchange’s Nifty lost 10.00 points and closed at 15,163.30. At 09:23 AM, the Sensex was trading 470.06 points at 52,014.36 levels.