As per the government data released on Thursday, wholesale inflation for the month of February has increased to 2.93% in comparison to the preceding month, which recorded WPI inflation at 2.76%. The increase in WPI inflation during the month is triggered by the hardening of prices of primary articles as well as fuel and power.
WPI Inflation Spikes To 2.93% In February
In the corresponding month of the previous year, inflation based on wholesale prices stood at 2.74%.
The data highlights that primary articles inflation increased to 4.84% in February as against 3.54% in January. Primary articles mainly comprise kitchen essentials such as milk, vegetables and fruits.
Also, fuel and power segment witnessed an increase in WPI inflation to 2.23% during the month in comparison to 1.85% in January.
It is to be noted that the central bank takes into account mainly the CPI inflation for deciding its monetary policy stance.
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