14 Mar , 2024 By : Debdeep Gupta
India's wholesale inflation edges down to 0.20% in February, The wholesale inflation data comes after the statistics ministry said on March 12 that India's headline retail inflation stood steady at 5.09 percent in February.
India's wholesale inflation rate edged down to 0.20 percent in February, data released by the commerce ministry on March 14 showed.
Wholesale Price Index (WPI) inflation stood at 0.27 percent in January and 3.85 percent in February 2023.
At 0.20 percent, the February wholesale inflation print is the lowest in four months. The last time WPI inflation was lower was in October 2023, when it came in at -0.26 percent. So far in 2023-24, WPI inflation has averaged -0.8 percent.
Wholesale prices increased at a slower pace in February even though food inflation rose to 4.09 percent from 3.79 percent in January, pushed up by wheat inflation jumping to 2.34 percent after being at -3.14 percent in the first month of 2024. Pulses inflation, too, rose further to 18.48 percent.
On the whole, cereals inflation increased to 6.63 percent from 4.07 percent.
However, no change in the price index of manufactured products - which make up 64 percent of the WPI - in February from January meant inflation for this category declined to -1.27 percent from -1.13 percent.
Also falling deeper in the deflationary zone was the fuel and power category, whose inflation figure came in at -1.59 percent as against -0.51 percent in January.
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