In February, the rate of inflation in wholesale price, ie wholesale inflation rate has increased to 2.5 percent. It was 2.31 percent in January. This information was provided on official information published on Monday. According to official data released on Monday, the positive rate of inflation in February 2021 is mainly due to the increase in the production price of food products, food items, other production, other foodless items and textile production. In a survey, economists assumed that wholesale price inflation was 2.3636%.
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In January last month, wholesale food inflation stood at 5.94% to 5.94%. The inflation of the initial items was reduced from 1.69 percent in January to 2.5 percent in February.
Meanwhile, the price of fuel and electricity bulk has dropped by 0.71 percent last month, compared to 2.7878 percent in January. Products produced in February increased by 2.51 percent last month to 2.86 percent.
According to data released by the Center earlier this month, India’s retail inflation reached the bottom of 5.61% below seven -year in February, which was 1.5% in January. This decrease mainly due to food inflation- about half of the consumer price index (CPI) basket- from 1.7% to 1.7575% in February.
The fourth month drawn in February is soft in export
According to data released by the government, India’s exports stood at US $ 36.5 billion in February for the fourth month.