IND vs WI World Cup 2019

Wholesale Price Index for ‘all commodities’ for February 2019 rises by 0.3% to 119.5

New Delhi, PTI | Updated : 14 March 2019, 01:38 PM
Wholesale Price Index for ‘all commodities’ for February 2019 rises by 0.3% to 119.5. (File photo)
Wholesale Price Index for ‘all commodities’ for February 2019 rises by 0.3% to 119.5. (File photo)

Inflation based on wholesale prices rose to 2.93 per cent in February over the previous month due to hardening of prices of primary articles, fuel and power, according to government data released Thursday.

The Wholesale Price Index (WPI) based inflation stood at 2.76 per cent in January, 2019.

WPI inflation stood at 2.74 per cent during February 2018.

Inflation of primary articles, which includes kitchen essentials like potato, onion, fruits, and milk increased to 4.84 per cent during the month, as against 3.54 per cent in January, the data revealed.

The WPI data further revealed that wholesale-based price inflation for ‘fuel and power’ segment increased to 2.23 per cent in February as against 1.85 per cent in January 2019.

The Reserve Bank, which mainly factors in retail inflation-based Consumer Price Index (CPI), had cut the key lending rate by 0.25 per cent in February. 

First Published: Thursday, March 14, 2019 12:24 PM
For all the latest Business News Download the News Nation App available on Android and iOS.