INSUBCONTINENT EXCLUSIVE:
Wholesale Price-Inflation Jumps To 13.11% Annually In February, From 12.96% in JanuaryIndia's wholesale price-based inflation accelerated to
13.11 per cent in February from a year ago, compared to 12.96 per cent in the previous month, government data showed on Monday.That was
Monday showed, WPI inflation has remained in double digits for the eleventh month in a row, beginning April last year."Clearly, the data
intensification of the Russia-Ukraine conflict began only at the end of February-22, there has been an uptrend in commodity prices since
January-22 and this is visible in both the sequential rise in primary commodities and fuel and power index...," he added.Inflation last
month was 12.96 per cent, while in February last year, it was 4.83 per cent.Inflation in food articles, however, eased to 8.19 per cent in
February from 10.33 per cent
Vegetable inflation was 26.93 per cent in February, against 38.45 per cent in the previous month."The high rate of inflation in February
2022 is primarily due to rise in prices of mineral oils, basic metals, chemicals and chemical products, crude petroleum - natural gas, food
articles and non-food articles etc
as compared to the corresponding month of the previous year," the Commerce and Industry Ministry said in a statement, the PTI
reported.Inflation in manufactured items was 9.84 per cent in February, against 9.42 per cent in January.In the fuel and power basket, the
rate of price rise was 31.50 per cent during the month.Inflation in crude petroleum spiked to 55.17 per cent during February, against 39.41
per cent in the previous month, on rising crude oil prices globally."Clearly, this upward momentum is set to continue in March-22 as the
crude oil (Brent) prices have shot up further and is currently hovering close to $110 per barrel
The inflation levels would have been slightly higher had there not been a sequential price contraction in the wholesale food category driven
which it lends short-term money to banks -- unchanged for the 10th time in a row at 4 per cent to support growth and manage inflationary
