Wholesale prices in India rose to 2.93% in February from 2.6% in January on the back of increasing prices of primary articles, fuel and power, the Ministry of Commerce and Industry said in a statement on Thursday. January had recorded the lowest rate of inflation in 10 months.
In February 2018 too, Wholesale Price Index-based inflation had risen by 0.33%, the ministry said.
The wholesale prices of primary articles, which include food articles, rose to 4.84% in February as against 3.54% in the month before that. Wholesale-based price inflation for fuel and power increased to 2.23% in February this year as against 1.85% in January.
India calculates two inflation rates, one based on retail prices and the other on wholesale prices. In February, retail inflation rose to 2.57% on the back of higher prices of food and fuel.
You’ve read Scroll.
Now help sustain it
Scroll is funded by readers, not corporate owners. If you believe our work matters, support our newsroom. Become a member today!
We’re not driven by clicks or corporate interests – just honest, independent reporting. Keep us going. Support Scroll today!