WPI inflation rises to 2.93% in February
Commodity Online | March 14 2019
UPDATED 14:26:35 IST

Global Sugar deficit likely to be 2.34 MT in 2019-20

Govt agencies procure 29 MT of Wheat so far

India cuts base import price of Crude Palm Oil by $23 per tonne

India Rice export prices continue decline on weak demand

Vegetable Oil imports decline 11% in April: SEA

Inflation based on wholesale prices rose to 2.93% in February over the previous month due to hardening of prices of primary articles, fuel and power, according to latest government data.

The Wholesale Price Index (WPI) based inflation stood at 2.76 per cent in January, 2019. WPI inflation stood at 2.74 per cent during February 2018.

Inflation of primary articles, which includes kitchen essentials like potato, onion, fruits, and milk increased to 4.84 per cent during the month, as against 3.54 in January, the data revealed.

The WPI data further revealed that wholesale-based price inflation for ‘fuel and power’ segment increased to 2.23 per cent in February as against 1.85 per cent in January 2019.

The Reserve Bank of India (RBI), which mainly factors in retail inflation based Consumer Price Index (CPI), had cut the key lending rate by 0.25 per cent in February.

 

Commodity Arrivals Rate
Mustard Oil 35 8500.00
Coconut Oil 2.5 18200.00
Arecanut 4.5 2400.00
Sugar 0.5 4000.00

More

×