India's WPI inflation eases to two-year low of 4.73% in January

The wholesale price index (WPI)-based inflation rate for January 2023 fell to a two-year low at 4.73 per cent. This was on the back of a higher base and easing of pricing pressure for fuel and manufactured products.

In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent.

This is the fourth consecutive month that factory-gate inflation saw a single-digit print after remaining in double digits for 18 successive months.

Data released by the ministry of commerce and industry on Tuesday showed that inflation for manufactured items eased to 2.99