“The pass through of higher global prices of commodities such as minerals, metals and fuels into domestic prices, as well as an unfavourable base effect for some sub-groups, pushed up WPI inflation to a higher than expected 5..59 per cent during January.Inflation is the highest since July 2014.42 per cent in pump dispenser the previous month.39 per cent and 3. In December and November, it stood at 3. We also need to see a further reduction in the lending rates by banks and we hope that RBI’s guidance on this to the banks will be followed up in the form of further reduction in rates for companies,” said Pankaj Patel, President, FICCI.32 per cent in January, seeing deflationary pressure for the fifth consecutive month.20 per cent, from 26.25 per cent in January due to soaring petrol and diesel prices.“

Based on the expected trajectory of food prices, commodity prices and exchange rates, we expect WPI inflation to rise further in February 2017, before easing marginally in March 2017,” she added. Last week RBI had decided not to cut interest rates on fear that inflation will rise in coming days. Potato prices recorded sharp fall contracting by 0.2 percent in January 2017,” said Aditi Nayar, principal economist, Icra.56 per cent in January,  negative growth second time in a row.While the wholesale data contrasts to the fall in retail inflation to a five-year low of 3.New Delhi: Wholesale inflation jumped to a 30-month high of 5.

Vegetables inflation too contracted to 32.1 per cent from 8. Rate of price increase in egg, meat and fish was 3.12 per cent in December.“The industrial economy is still weak and there is a need to improve the flow of credit to the manufacturing and infrastructure sectors.86 per cent.38 per cent, respectively.Pulse inflation moderated to 6. This was helped by a substantial price fall in onions, which stood at minus 28.As per the data, food inflation basket contracted to 0.She also pointed out that the spike in wholesale inflation in January was primarily driven by the rise in inflation for fuel and power to 18.21 per cent, from 18.17 per cent in January, the jump is in line with core retail inflation that strips out volatile food and fuel غير مجاز مي باشدts.7 per cent in December 2016, led by higher prices of coal and mineral oils