India’s WPI inflation spikes to 13.11% in February: Govt knowledge

India Wholesale Price Index (WPI) Data: The wholesale inflation throughout the nation rose to 13.11 per cent in February, knowledge launched by the Ministry of Commerce & Industry confirmed.

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The wholesale value index (WPI) grew 12.96 per cent through the month of January, whereas the WPI for December final yr was revised to 14.27 per cent from 13.56 per cent, the info confirmed. The WPI in February 2021 was at 4.83 per cent.

The WPI inflation has remained within the double digits for the eleventh consecutive month starting April 2021.

“The high rate of inflation in February, 2022 is primarily due to rise in prices of mineral oils, basic metals, chemicals and chemical products, crude petroleum & natural gas, food articles and non-food articles etc. as compared to the corresponding month of the previous year,” the federal government press launch stated.

The meals articles section witnessed an increase of 8.19 per cent in February, the info confirmed. In the month previous to that, this was 10.33 per cent. The month-on-month easing may be attributed to a fall in vegetable costs.

Vegetable costs rose 26.93 per cent in February, towards a pointy rise of 38.45 per cent in January, the info confirmed. Prices of potato climbed 14.78 per cent whereas that of onions slipped (-)26.37 per cent. Prices of fruits too witnessed eased to 10.30 per cent final month from 12.50 per cent in January, whereas that of wheat rose 11.03 per cent from 10.40 per cent a month in the past. Eggs, meat and fish costs rose 8.14 per cent in February down from 9.85 per cent a month in the past whereas cereals rose 6.07 per cent final month from 5.48 per cent.

The gasoline and energy section marginally eased to 31.50 per cent final month from 32.27 per cent in January. Petrol value rose by 58.33 per cent, HSD (High-Speed Diesel) gained by 53.59 per cent and LPG costs inched by 26.27 per cent.

The manufactured merchandise section rose 9.84 per cent in February, up from 9.42 per cent within the month prior.

The authorities will launch separate knowledge on the retail inflation or shopper value index (CPI) later immediately.