Offering a bit of relief to the policy maker, January WPI came much lower than street’s expectation at eight month low level of 5.05%, as compared to 6.16% (provisional) for the previous month and 7.31% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.17% compared to a build up rate of 5.78% in the corresponding period of the previous year.