WPI India's Wholesale Price Index touches 4.17 percent, reaches 27-month high figure
New Delhi: The Wholesale Price Index (WPI) of India for the month of February stands at 4.17 percent, as per government released data on Monday.
The figure stands at 27-month high figures.
It stood at 2.26 percent during the corresponding month of the previous year.
PRIMARY ARTICLES (Weight 22.62%)
The index for this major group increased by (1.04%) to 145.4 (provisional) in February, 2021 from 143.9 (provisional) for the month of January, 2021. Prices of Minerals (9.40%), Crude Petroleum & Natural Gas (6.50%) and Food Articles (0.51%) increased in February, 2021 as compared to January, 2021. Prices of Non-food Articles (-0.51%) declined in February, 2021 as compared to January, 2021.
FUEL & POWER (Weight 13.15%)
The index for this major group increased by (4.51%) to 104.2 (provisional) in February, 2021 from 99.7 (provisional) for the month of January, 2021.
Prices of Mineral Oils (8.88%) increased in February, 2021 as compared to January, 2021.
Prices of Electricity (-0.43%) declined in February, 2021 as compared to January, 2021. Prices of coal remain unchanged.
MANUFACTURED PRODUCTS (Weight 64.23%)
The index for this major group increased by (0.64%) to 125.7 (provisional) in February, 2021 from 124.9 (provisional) for the month of January, 2021.
Out of the 22 NIC two-digit groups for Manufactured products, 17 groups that have witnessed increase in prices are manufacture of other manufacturing; furniture; other transport equipment; motor vehicles, trailers and semi-trailers; machinery and equipment; computer, electronic and optical products; fabricated metal products, except machinery and equipment; other non-metallic mineral products; rubber and plastics products; chemicals and chemical products; printing and reproduction of recorded media; paper and paper products; wood and of products of wood and cork; textiles; tobacco products; beverages; food products in February, 2021 as compared to January, 2021.
Whereas 5 groups that have witnessed decrease in prices are manufacture of electrical equipment; basic metals; pharmaceuticals, medicinal chemical and botanical products; leather and related products; wearing apparel in February, 2021 as compared to January, 2021.
WPI FOOD INDEX (Weight 24.38%)
The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Products' from Manufactured Products group have increased from 151.8 in January, 2021 to 153.0 in February, 2021.
The rate of inflation based on WPI Food Index increased from -0.26% in January, 2021 to 3.31% in February, 2021.
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