Inflation based on wholesale prices eased to 3.85 per cent in February
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WPI based inflation was 4.73 per cent in January 2023 and 13.43 per cent in February 2022. Inflation in food articles, however, rose to 3.81 per cent in February from 2.38 per cent in January.
New Delhi. Inflation based on the Wholesale Price Index (WPI) came down to 3.85 per cent in February 2023. The decline was mainly due to lower prices of manufactured goods, fuel and energy. This information was received from the government data released on Tuesday. February 2023 is the ninth consecutive month when a decline in wholesale inflation has been recorded. WPI based inflation was 4.73 per cent in January 2023 and 13.43 per cent in February 2022. Inflation in food articles, however, rose to 3.81 per cent in February from 2.38 per cent in January.
In a statement, the Ministry of Commerce and Industry said that the decline in the rate of inflation in February 2023 was mainly due to the fall in the prices of crude petroleum and natural gas, non-food items, food items, minerals, computers, electronic and optical products, chemicals and The prices of chemical products, electrical equipment and motor vehicles, trailers and semi-trailers are to come down. Inflation in pulses stood at 2.59 per cent while vegetables became cheaper by 21.53 per cent. Inflation in oilseeds declined to 7.38 per cent in February, 2023.
Inflation in the fuel and power sector came down from 15.15 per cent in January to 14.82 per cent in February, 2023. In manufactured products, it stood at 1.94 per cent as against 2.99 per cent in January. Earlier, a decrease in retail inflation was also registered. Its figures were released on Monday. Retail inflation eased marginally to 6.44 per cent in February amid softening of food articles and fuel prices. Inflation based on the Consumer Price Index (CPI) stood at 6.52 per cent in January.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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