In February, the wholesale price inflation rose marginally to 2. 38 percent. According to government data released on Monday, wholesale inflation increased due to the expensive manufactured foods like vegetables, oils and beverages being expensive. According to PTI news, the Wholesale Price Index (WPI) based inflation in January was 31 percent. It was 0.2 percent in February 2024. According to the statement issued by the Ministry of Commerce and Industry, the positive rate of inflation in February, 2025 is mainly due to an increase in the prices of food products, food items, other manufacturing, non-food items and textiles, etc.
33. 59 percent increase in vegetable oil
According to the data, inflation in manufactured food products increased to 11.06 percent, vegetable oil increased by 33. 59 percent, while beverages increased slight increase and it increased to 1.66 percent during the month. However, vegetable prices were soft and potato prices declined from 74.8 percent to 27. 54 percent during the month. Fuel and power category saw an deflation of 0.71 percent in February in February, compared to 2. 78 percent deflation last month.
Retail inflation declined
The data of retail inflation released on Wednesday showed that the consumer price index (CPI) based inflation in February came to a 7 -month low of 3. 61 percent due to softening of food items prices. Due to softness in the price of food items, retail inflation came down to 3.61 percent in the satisfactory level of the Reserve Bank of India in February. On the other hand, the better performance of the manufacturing sector increased to five percent in the Industrial Production Index. A sharp decline in inflation has increased the possibility that the Reserve Bank of India (RBI) may make another cut in the policy rate in the bilateral monetary policy review on April 9.
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