Top

India's February Wholesale Price Index inflation spikes to 2.93%

Even on a sequential basis, the (WPI) data for February, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a faster rate than the rise of 2.76% reported for January 2019.

Saima Siddiqui

Saima SiddiquiBy Saima Siddiqui

Published on 14 March 2019 8:02 AM GMT

Indias February Wholesale Price Index inflation spikes to 2.93%
X
India's February Wholesale Price Index inflation spikes to 2.93%
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print

New Delhi: India’s annual rate of inflation based on wholesale prices rose to 2.93% in February from 2.76% reported for January 2019, according to an official data showed on Thursday.

The wholesale price inflation for the corresponding month (February) of 2018 was 2.74% reported.

Even on a sequential basis, the (WPI) data for February, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a faster rate than the rise of 2.76% reported for January 2019.

"The annual rate of inflation, based on monthly WPI, stood at 2.93% (provisional) for the month of February, 2019 (over February, 2018) as compared to 2.76% (provisional) for the previous month and 2.74% during the corresponding month of the previous year," the Ministry said in its review of "Index Numbers of Wholesale Price in India" for February.

"Build up inflation rate in the financial year so far was 2.75% compared to a build up rate of 2.56% in the corresponding period of the previous year."

Inflation in major food items showed a decline in February. Fruit inflation came down to 4.62%, vegetables contracted 7.69% ,while, pulses products decreased to 3.82%.

Saima Siddiqui

Saima Siddiqui

Next Story