India's wholesale inflation eases to 3.85% in February
The Hindu
The deceleration in WPI comes in line with the dip in retail inflation, data of which was released on Monday
India’s wholesale price inflation (WPI) moderated to 3.85% in February from 4.73% in January, with manufactured products’ inflation cooling from 3% in January to a little under 2%, and primary articles food and fuel and power inflation recording milder downturns in inflation month-on-month inflation.
Base effects also played a role as February 2022 had clocked a 13.43% uptick in wholesale prices.
“Decline in the rate of inflation in February 2023 is primarily contributed by fall in prices of crude petroleum & natural gas, non-food articles, food products, minerals, computer, electronic & optical products, chemicals & chemical products, electrical equipment and motor vehicles, trailers & semi-trailers,” the commerce and industry ministry said.
Inflation in pulses was 2.59%, while in vegetables was (-)21.53%. Inflation in oil seeds was (-)7.38% in February 2023.
Fuel and power basket inflation eased to 14.82% from 15.15% in the preceding month. In manufactured products it was 1.94%, against 2.99% in January.
The deceleration in WPI comes in line with the dip in retail inflation, data of which was released on Monday.
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