Consumer worth index primarily based retail inflation declined to six.44 per cent in February from 6.52 per cent in January.
The wholesale worth index (WPI) primarily based inflation fee was 4.73 per cent in January this yr and 13.43 per cent in February 2022.
The wholesale worth primarily based inflation eased for the ninth consecutive month to three.85 per cent in February on easing costs of manufactured gadgets and gas and energy, confirmed the federal government knowledge launched on Tuesday.
The wholesale worth index (WPI) primarily based inflation fee was 4.73 per cent in January this yr and 13.43 per cent in February 2022.
Inflation in meals articles, nonetheless, rose to three.81 per cent in February, as towards 2.38 per cent in January.
“Decline within the fee of inflation in February 2023 is primarily contributed by fall in costs of crude petroleum & pure fuel, non-food articles, meals merchandise, minerals, laptop, digital & optical merchandise, chemical substances & chemical merchandise, electrical gear and motor automobiles, trailers & semi-trailers,” the commerce and industry ministry said.
Inflation in pulses was 2.59 per cent, whereas in greens was (-)21.53 per cent. Inflation in oil seeds was (-)7.38 per cent in February 2023.
Fuel and power basket inflation eased to 14.82 per cent from 15.15Â per cent in the preceding month. In manufactured products it was 1.94 per cent, against 2.99 per cent in January.
The deceleration in WPI comes according to the dip in retail inflation, knowledge of which was launched on Monday. Read extra.
Consumer price index based retail inflation declined to 6.44 per cent in February from 6.52 per cent in January.
In its monetary policy review last month, the Reserve Bank of India had hiked key interest rate by 25 basis points to 6.50 per cent, saying core inflation still remains sticky.
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