New Delhi: Despite a moderation in food articles, wholesale price-based inflation rose to 13.11 per cent in February on firming crude and non-food articles.
According to government data released on Monday, WPI inflation has remained in double digits for the 11th consecutive month starting April 2021.
Inflation rate last month was 12.96 percent, while in February last year it was 4.83 percent.
Food inflation, however, declined to 8.19 per cent from 10.33 per cent in February. Inflation in vegetables stood at 26.93 per cent in February, compared to 38.45 per cent in the previous month.
“The higher rate of inflation in February 2022 is mainly due to increase in prices of mineral oils, base metals, chemicals and chemical products, crude petroleum and natural gas, food items and non-food items, etc., as compared to the same month. Last year,” the Ministry of Commerce and Industry said in a statement.
Inflation in manufactured goods stood at 9.84 per cent in February as against 9.42 per cent in January.
In the fuel and power basket, the rate of increase during the month stood at 31.50 per cent.
Crude petroleum inflation rose to 55.17 per cent during February from 39.41 per cent in the previous month due to rising global crude oil prices.
The Reserve Bank last month kept its key repo rate – the rate at which it lends short-term money to banks – unchanged at 4 per cent for the 10th time in a row to support growth as well as manage inflationary pressures.
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