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India’s WPI inflation eases to 0.20% in February

14 Mar 2024 Evaluate

Inflation based on wholesale price index (WPI) eased in the month of February 2024 to 0.20% from 0.27% in January, aided by decline in prices of non-food articles, coal, basic metals, other nonmetallic mineral products,  fabricated metal products (except machinery & equipment), rubber & plastic products and printing & reproduction of recorded media etc. 

The Component wise, primary articles index, having weight of 22.62%, increased 0.22% to 181.4 (provisional) in February 2024 from 181.0 (provisional) for the month of January 2024, as prices of minerals, crude petroleum & natural gas and food articles increased in the reported month, while prices of non-food articles declined in February.

Fuel & Power index, having weight of 13.15%, surged 0.19% to 155.1 (provisional) in February 2024 from 154.8 (provisional) for the month of January 2024, on account of rise in prices of electricity and mineral oils. However, prices of coal declined in February 2024 as compared to January 2024.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at 139.8 (provisional) in February 2024 as compared to the month of January 2024. Meanwhile, for the month of December 2023 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 151.8 and 0.86% respectively.


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