Inflationary pressures appear to be increasing rather than decreasing in the country. This news may cause concern. According to the latest data, wholesale inflation in February reached its highest level in 11 months...

Inflation has raised concerns...

India Wholesale Inflation February Data: Inflation pressure in the country appears to be increasing rather than decreasing. This news may cause concern. According to the latest government data, wholesale inflation rose for the fourth consecutive month in February, reaching its highest level in nearly 11 months.

The main reason behind this increase is believed to be the rise in prices of food items and factory-made products, which has led to inflationary pressure. Let's learn more about this...

What do the figures say?

According to the data, wholesale inflation, as measured by the Wholesale Price Index (WPI), rose to 2.13 percent in February, compared to 1.81 percent in January and 0.96 percent in December.

These continuously increasing WPI figures indicate that pressure is building on the economy and the impact of inflation is now becoming more clearly visible.

Increased pressure from prices of manufactured goods

Manufactured products play a significant role in the rise in wholesale inflation, as they constitute the largest share of the WPI basket. Inflation in this category rose to 2.92 percent in February, compared to 2.86 percent in January and 2.03 percent in December.

Food prices also saw a spike, with food inflation reaching 1.85 percent in February, up from 1.41 percent in January. This surge in food inflation and wholesale inflation could strain people's kitchen budgets. The rising prices are likely to put spending pressure on ordinary people.

Rise in prices of primary products

Primary products, which include agricultural goods and minerals, are also seeing a rise. Inflation in this category has also increased. In February, the rate rose to 3.27 percent on an annual basis.

Whereas in January it was 2.21 percent and in December it was only 0.21 percent. However, despite the year-over-year increase, prices in this category declined by 0.52 percent on a month-over-month basis.