look news india
After retail inflation, there has now been relief on the wholesale inflation front as well. The overall inflation rate has declined to 0.20 percent in February 2024, which was 0.27 percent in January 2024. This is the lowest level of wholesale inflation in the last four months. The Commerce Ministry has released these figures regarding wholesale inflation rate.
Releasing the data, the Commerce Ministry said the increase in wholesale inflation rate in February 2024 was due to increase in food prices due to increase in prices of crude petroleum and natural gas, electricity, machinery and equipment, motor vehicles. Trailers and semitrailers.
increase in food inflation
Like the retail inflation data, the wholesale inflation data also showed a rise in food prices. The wholesale inflation rate has reached 4.09 percent in February 2024, which was 3.79 percent in January 2024.
