Feb WPI inflation rises to 6.84%

The January WPI inflation was 6.62%; fuel inflation rises to 10.47%

Ahead of the RBI’s monetary policy review on March 19th, the whole sale price index inflation stood at 6.84% in February 2013, as against 7.56% in the corresponding period in the previous year. Inflation was declining for four months in a row till January. In January 2013, WPI inflation was at 6.62%.

The cumulative inflation in the current financial year in the April-February period is 5.71% compared to the figure of 6.56% in the corresponding period of the previous year.

The Inflation in manufactured products (Weight-age: 64.97%) was at 0.1% and that of fuel and power (Weight -age: 14.91%) was at 3%.

The inflation in 'Food Articles' which has a weight-age of 14.3% in the WPI basket stood at 0.2%, and the index for 'Non-Food Articles' group was at 1.6%. The index for 'Minerals' group registered a reading of 0.9%.

The inflation in onions was as high as 154.33%. The price rise in rice was at 18.84 and that of wheat was at 21.63. The price of vegetables rose by 12.11% and that of potatoes rose by 45.99%. While the inflation in egg, meat and fish stood at 12.85%, the price of milk rose up 4.57% and that of fruits went up by 7.02%.