WPI inflation became at 2.03% in January 2021 and at 2.26% in February 2020.
The Ministry of Commerce and Industry has launched the Wholesale Price Index (WPI) numbers for February 2021.
WPI inflation for the month is at 4.17% compared to 2.26% for the corresponding duration in January 2021; according to a ministry release, this is a 27-month high.
WPI inflation became at 2.03% in January 2021 and at 2.26% in February 2020 WPI Food Index in February 2021 stood at 3.31%, and growth against (-)0.26% in the previous month.
The index for number one articles expanded by 1.04% to 145.4 (provisional) in February, from 143.9 (provisional) for January 2021. Primary articles inflation is at 1. 82% compared to (-)2.24% in the earlier month.
Here, costs of Minerals (9.40%), Crude Petroleum & Natural Gas (6.50%), and Food Articles (0.51%) multiplied in February 2021 in comparison to January 2021.
For costs of non-food articles, inflation turned into (-)0.51% in February, a decline in comparison to January 2021.
The fuel and power organization index multiplied by 4.51% to 104.2 in February, from 99.7 (provisional) for January 2021.
Here, fees of Mineral Oils (8.88%) multiplied in February 2021 compared to January 2021. Prices of Electricity (-0.43%) declined in February 2021 compared to January 2021. Prices of coal continue to be unchanged.
The manufactured merchandise organization index multiplied by 0.64% to 125.7 in February, from 124.9 in January. Manufactured merchandise inflation is at 5.81% in comparison to 5.13% in the preceding month.
The Reserve Bank of India (RBI), in its financial policy selection on February 5, saved interest costs unchanged for the fourth consecutive assembly and said that the near-time period inflation outlook has become favorable.