This is the 15th straight month since November 2014 that deflationary pressure persisted and wholesale inflation has remained in the negative zone. Food inflation stood at 6.02 percent in January as against 8.17 percent in December, showed official data which were released today.

Inflation in pulses and onion eased to 44.91 percent and 5.51 percent, respectively. The rate of price rise in the case of vegetables was 12.52 percent in January and for fruits, it stood at (-)2.32 percent. Price growth in potato was (-)17.08 percent while that of egg, meat and fish came in at 5.69 percent.

The inflation print in the fuel and power segment was (-)9.21 percent and for manufactured products, it read (-)1.17 percent in January. The November Inflation has been revised to (-)2.04 percent from the provisional estimate of (-)1.99 percent.

Last week, data showed that retail inflation has been rising for six straight months and stood at nearly one and a half-year high of 5.69 percent in January.

The central bank looks into mainly retail inflation data while firming up its monetary policy stance. RBI also takes into account industrial production numbers. As per latest data, IIP contracted 1.3 percent in December as against a decline of 3.4 percent in November.

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