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India's wholesale inflation rate rises to 2.93% in February, 2019

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India's wholesale inflation rate, based on the monthly Wholesale Price Index (WPI), with base 2011-12=100, rose to 2.93 percent for February, 2019 as compared to 2.76% for the previous month and 2.74 percent during the corresponding month of the previous year, provisional data released here today said.
 
An official press release, citing the data, said the official WPI for ‘All Commodities’ for February, 2019 rose by 0.3 percent to 119.5.
 
The build-up inflation rate in the financial year so far was 2.75% compared to a build-up rate of 2.56% in the corresponding period of the previous year, it said.
 
The release said the rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Products’ from Manufactured Products group increased from 1.84% in January, 2019 to 3.29% in February, 2019.
 
It said that the final WPI for 'All Commodities’ (Base: 2011-12=100) for December 2018 stood at 119.7 as compared to 120.1 provisionally reported on January 14. Accordingly, the annual rate of inflation based on the final index stood at 3.46% as compared to 3.80% reported on that date, the release added.
 
NNN
 

(Our News Desk can be contacted at desk@netindian.in)

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