Wholesale Price Index (WPI) based inflation for February 2015 provisionally stood at -2.06 per cent, compared with -0.39 in January and 5.03 per cent in February last year, mainly on account of cheaper food, fuel and manufacturing products, raising industry clamour for further cuts in interest rate. Food prices rose 7.74 per cent, according to official data released here on Monday. Inflation in prices of onions, pulses and protein-rich food items such as egg, meat and fish rose and declined in prices of vegetables, fruits and milk during February.
The rate of price rice cooled significantly for fuel and power inflation in February with wholesale inflation at -14.72 per cent against -11 per cent in January. The fall was also widespread across primary (1.4 per cent against 3.3 per cent in January) and manufactured products (0.3 per cent against 1 per cent in January). The Government also revised the December wholesale price inflation rate to -0.5 per cent from 0.1 per cent reported earlier. The wholesale price index reflects production data. Last week, separate data on consumer price inflation showed that the rate of retail prices rise accelerated to 5.37 per cent in February from 5.19 per cent in January on the back of higher food and fuel prices.
The rate of price rice cooled significantly for fuel and power inflation in February with wholesale inflation at -14.72 per cent against -11 per cent in January. The fall was also widespread across primary (1.4 per cent against 3.3 per cent in January) and manufactured products (0.3 per cent against 1 per cent in January). The Government also revised the December wholesale price inflation rate to -0.5 per cent from 0.1 per cent reported earlier. The wholesale price index reflects production data. Last week, separate data on consumer price inflation showed that the rate of retail prices rise accelerated to 5.37 per cent in February from 5.19 per cent in January on the back of higher food and fuel prices.
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