India's wholesale price inflation softened further at the start of the year to the lowest level in twenty-four months amid continued slowdown in prices for food articles, fuel and power, provisional data from the Ministry of Commerce and Industry revealed on Tuesday.
The wholesale price index, or WPI, climbed 4.73 percent year-over-year in January, slower than the 4.95 rise in December. Economists had expected inflation to ease to 5.60 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.