New Delhi: India’s wholesale price-based inflation (WPI) eased to 0.2 % in February as in comparison with 0.27 % in January, information launched by the Commerce and Trade Ministry confirmed on Thursday.
“The annual charge of inflation primarily based on all India Wholesale Worth Index (WPI) quantity is 0.20% (Provisional) for the month of February, 2024 (over February, 2023). Optimistic charge of inflation in February, 2024 is primarily attributable to improve in costs of meals articles, crude petroleum & pure gasoline, electrical energy, equipment & tools and motor automobiles, trailers & semi-trailers and so on,” mentioned an official launch.
Gas and energy basket inflation eased to -1.59 % final month from -0.51 % in January. In manufactured merchandise, inflation was -1.27 % as in opposition to -1.13 %.
The month over month change in WPI index for the month of February, 2024 stood at 0.07% as in comparison with January, 2024.
For the month of December, 2023 the ultimate Wholesale Worth Index and inflation charge for ‘All Commodities’ (Base: 2011-12=100) stood at 151.8 and 0.86% respectively.
The opposite items that recorded a rise in inflation throughout Feb embody pure gasoline, electrical energy, equipment & tools and motor automobiles, trailers & semi-trailers and so on.
Suman Chowdhury, Chief Economist and Head -Analysis, Acuité Scores & Analysis mentioned, “The deflationary pattern in manufacturing items could reverse solely step by step over the subsequent few months. Total WPI inflation print is predicted might be formed by the pattern within the meals class and within the absence of any main surprises, ought to stay vary sure between 0%-1.0% over the subsequent two quarters.”
