New Delhi, Feb 15 - A dip in food and fuel prices decelerated the rise in India's annual rate of inflation based on wholesale prices to 2.84% in January, official data showed on February 15.
According to the wholesale price index (WPI) data furnished by the Ministry of Commerce and Industry, the rate of inflation had risen by 3.58% in December 2017 and 4.26% during the corresponding month of last year.
On a sequential basis, the expenses on primary articles, which constitute 22.62% of the WPI's total weightage, edged higher by 2.37%, from an increase of 3.86% in December 2017.
Similarly, the prices of food articles dipped. The category has a weightage of 15.26% in the WPI index. It rose by 3% from an acceleration of 4.72%.
In addition, the cost on fuel and power category, which commands a 13.15% weightage in the index increased at a slower pace of 4.08% from a growth of 9.16%.
However, expenses on manufactured products registered a rise of 2.78% from 2.6%.