Wholesale inflation eases to 2.26% in February on cheaper food articles, vegetables

Wholesale price index (WPI) based inflation softened to 2.26 percent in February on the back of cheaper foods and vegetables, government data showed on Monday

Press Trust of India March 16, 2020 14:13:55 IST
Wholesale inflation eases to 2.26% in February on cheaper food articles, vegetables

New Delhi: Wholesale price index (WPI) based inflation softened to 2.26 percent in February on the back of cheaper foods and vegetables, government data showed on Monday.

In January, the WPI inflation stood at 3.1 percent and in the year-ago same period, it was at 2.93 percent, as per the data from the commerce and industry ministry.

The WPI inflation for food articles for February 2020 came in at 7.79 percent as against 11.51 percent in the previous month.

The rate of price rise for onion and potato too came down to 162.30 percent and 60.73 percent, respectively as against 293.37 percent and 87.84 percent in January 2020.

Build up inflation rate in the current financial year so far was 1.92 percent compared to a build-up rate of 2.75 percent in the year-ago period, it added.

"The considerable decline in the WPI inflation in February 2020 is in line with our forecast, led primarily by food items, as well as a modest contribution of the correction in prices of crude oil and minerals, which would intensify in the ongoing month," said Aditi Nayar, economist with ICRA.

In contrast, the core-WPI recorded a narrower disinflation in February 2020, which is expected to reverse reflecting the growing impact of the coronavirus outbreak on prices, demand and sentiment, she added.

Updated Date:

also read

Hunger stalks Pakistan after massive monsoon floods leave crops wrecked
World

Hunger stalks Pakistan after massive monsoon floods leave crops wrecked

Pakistan's massive floods this summer collapsed Mohammed's home and destroyed his four acres of cotton, wiping out most of his income

From Berries to Olive Oil, eat these foods for a healthy heart
Lifestyle

From Berries to Olive Oil, eat these foods for a healthy heart

Berries are considered to be full of antioxidant polyphenols, which help to reduce the risk of heart disease. Berries are believed to be rich in fiber

'Bharat Jodo Yatra': Congress workers threaten vegetable shop owner for refusing to fund campaign, three suspended
India

'Bharat Jodo Yatra': Congress workers threaten vegetable shop owner for refusing to fund campaign, three suspended

The ongoing 'Bharat Jodo Yatra' of the Congress ran into a controversy on Friday after its party workers vandalised a vegetable shop and threatened the owner for not contributing a demanded amount of Rs 2,000 for the campaign in Kerala's Kollam district.