Wholesale price inflation (WPI) rose to 2.38% in February , up from 2.31% in January. Manufactured goods prices surged to a two-year ...
Wholesale price inflation (WPI) rose to 2.38% in February, up from 2.31% in January.
Manufactured goods prices surged to a two-year high of 2.86%, driving the overall increase.
Core manufactured WPI inflation increased to 1.3%.
Food price inflation slowed to 3.38%, a four-month low, but the rate of decrease is slowing.
Primary articles continued to disinflate, showing a 2.81% inflation rate.
Non-food primary inflation rose to 4.84%, due partly to a low base effect.
The fuel and power sector experienced deflation of 0.71%, less than the 2.78% deflation in January.
Experts predict core WPI inflation will likely rise, driven by international metal prices.
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