look news india
The wholesale price index reached the highest level of two months: Inflation has once again knocked in the country. In February, wholesale inflation reached a two -month high of 2.38 percent. Which was recorded at 2.31 percent in January. Wholesale inflation has increased due to the increase in prices of manufactured products.
According to government data, retail inflation declined in February. Whereas the data released today reflect bulk inflation at a two -month highest level. Food prices are due to this discrepancy in both figures. The weight of food prices in retail inflation is 50 percent, while the manufacturing products in the wholesale inflation index are 2/3.
Retail inflation reaches a seven -month low
In February, retail inflation reached 3.6 percent of the lowest level of seven months. Retail food prices reached the lowest level of 21 months. Core inflation has increased at a rapid pace in seven months.
Effect of fuel and electricity
According to data released by the Ministry of Commerce and Industry, another reason behind the increase in wholesale inflation in February is an increase in fuel and electricity prices. In February, energy and fuel inflation index rose 2.12 percent to 153.8. Which was 150.6 percent in January. The cost of electricity has increased by 4.28 percent.
Prices of manufacturing products increased
Wholesale prices of manufacturing products increased by 0.42 percent. Which includes everything from metal to chemical products. The wholesale inflation of food items declined to 5.94 percent in February, which was 7.47 percent in January. Which was 8.89 percent in December.