Good News: February’s wholesale inflation was the lowest in 25 months, know what became cheaper

The common people who have been facing the brunt of inflation for the last two years have got some relief even in figures. The government has released the February data related to WPI. According to data in February Wholesale Inflation lowest recorded in 25 months. It was 3.85 percent in February, while the wholesale inflation in February 2022 was 13.43 percent. A major reason for the decline in WPI has been attributed to a fall in the prices of fuel and electricity, apart from construction articles. This is the ninth consecutive month of decline in based inflation.

Inflation falling for 9 consecutive months

This is the ninth consecutive month when wholesale inflation has declined. The wholesale inflation in January was 4.73 per cent. Which came down to less than 4 percent in February. Earlier, the rate of wholesale inflation was 4.95 percent in December 2022 and 5.85 percent in November 2022. It is being told that along with the fall in wholesale prices of food and drink, the reduction in fuel prices has given relief from inflation.

what happened cheap

Wholesale inflation eased below 4 per cent in February due to decline in prices of crude petroleum and natural gas, non-food articles, food products, minerals, computer, electronic and optical products, chemicals and chemicals products and electrical equipment and motor vehicles Is.

• According to the data, there has been a decline in the food index related to food items. Food index inflation declined to 2.76 per cent in February from 2.95 per cent in January.
• Inflation in food articles rose to 3.81 per cent in February. It was 2.38 per cent in January.
• Inflation in pulses stood at 2.59 per cent in February. While the inflation in vegetables stood at (-) 21.53 per cent.
• Inflation in oilseeds was (-) 7.38 per cent. Whereas, the inflation in fruits was at 7.02 per cent last month.
• Inflation in fuel and power basket came down to 14.82 per cent. It was at 15.15 per cent in January.
• Inflation in manufacturing products declined from 2.99 per cent to 1.94 per cent.

Wheat inflation increased tension

• The inflation of food items may have come down, but the inflation of other things including spices and wheat remains a cause of tension. Inflation in wheat is 18.54 percent while it was 11.03 percent in February 2022.
• The inflation rate of milk is in double digit i.e. 10.33 per cent, which was 1.87 per cent in February last year.

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