Business / WPI India wholesale inflation falls to lowest since January 202

Wholesale Price Index: On the front of inflation, news is coming which will give relief to the countrymen. Inflation based on Wholesale Price Index (WPI) came down to 3.85 percent in February 2023. This decline was mainly due to a decrease in the 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 percent in January 2023 and 13.43 percent in February 2022.

Wholesale inflation lowest in 25 months

The figure of wholesale inflation rate of 3.85 percent is the lowest in the last 25 months. Inflation in food articles 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 There is to be a reduction in the prices of chemical products, electrical equipment and motor vehicles, trailers and semi-trailers.

Vegetables became cheaper by 21.53 percent

The inflation rate of pulses stood at 2.59 percent while vegetables became cheaper by 21.53 percent. Inflation in oilseeds decreased by 7.38 percent 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 recorded. 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.