The Wholesale Price Index (WPI) based inflation stood at 2.76 per cent in January, 2019.

According to the Ministry, the food inflation stood at (+) 0.97 per cent against (-) 0.96 per cent in the previous month and 3.36 per cent during the corresponding month of the previous year.

WPI inflation stood at 3.8% in December, 2018, and 3.02% in January 2018. The retail inflation, released earlier this week, too declined marginally to 2.05% in January on continued decline in food prices, including vegetables and eggs.

Deflation in food articles stood at 0.07% in December, against 3.31% in November.

The government has taken this decision keeping in view the falling onion prices due to increase in supply of new crop from major onion producing centres in Maharashtra, Gujarat and Madhya Pradesh.

The decision came amid reports about farmers selling freshly harvested onions at as low as Rs 1.50 a kg in Maharashtra, the top producer of the bulb in the country.

The Wholesale Price Index (WPI)-based inflation stood was 5.28 per cent in October and 4.02 per cent in November last year.

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