Overview
- January’s WPI print of 1.81% topped a Reuters poll estimate of about 1.25%, rising from 0.83% in December.
- Manufactured products inflation climbed to 2.86% year on year, with basic metals and other factory goods leading gains; the category carries 64.23% weight in the WPI basket.
- Fuel and power stayed in deflation at −4.01%, tempering the headline even as food inflation under WPI rose to 1.41% and primary articles increased 2.21%.
- The all-commodities WPI index rose to 157.8 in January from 157.0 in December, a 0.51% month-on-month increase; the figures are provisional.
- The CPI, rebased to 2024, registered 2.75% for January, and the RBI, which targets CPI, kept the policy repo rate at 5.25% earlier this month.