Such news came that people will hold their heads, new inflation data increased tension; Will the kitchen budget get spoiled?

India Wholesale Iinflation February Data: Inflationary pressure in the country seems to be increasing instead of decreasing. This news may make people worried. According to the latest government data, wholesale inflation increased for the fourth consecutive month in February and reached the highest level in almost 11 months.

The main reason behind this increase is considered to be the increase in the prices of food items as well as factory-made products. Due to which inflationary pressure remains. Let us know about this…

What do the figures say?

According to the data, wholesale inflation based on Wholesale Price Index (WPI) increased to 2.13 percent in February. Earlier it was 1.81 percent in January and 0.96 percent in December.

These continuously increasing WPI figures indicate that the economy is under pressure and the effect of inflation is now becoming more clearly visible.

Increased pressure from prices of manufactured goods

Manufactured products play an important role in increasing wholesale inflation. Because they have the highest share in the WPI basket. In the month of February, the inflation rate of this category increased to 2.92 percent. Whereas in January it was 2.86 percent and in December it was 2.03 percent.

Along with this, a rise in the prices of food items was also seen and food inflation reached 1.85 percent in February, which was 1.41 percent in January. This increase in food inflation and wholesale inflation may spoil people’s kitchen budget. Due to things becoming expensive, there is a possibility of expenditure pressure on common people.

Rise in prices of primary products

Primary products, which include agricultural goods and minerals. There is a rise in these also. Inflation rate has increased in this category also. Talking about the figures, in February it increased to 3.27 percent on annual basis.

Whereas in January it was 2.21 percent and in December it was only 0.21 percent. However, despite the increase on annual basis, on month-on-month comparison, there has been a decline of 0.52 percent in the prices of this category.

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