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WPI inflation flares up to 2.93% on food, fuel

DNMUM433445 | 3/15/2019 | Author : DNA Money Correspondent | WC :147



Mumbai: Wholesale price index (WPI)-based inflation rose to 2.93% in February against 2.76% in January, as prices of primary articles, fuel and power hardened last month, according to a government data release.
Wholesale food prices in February rose 3.29% year-on-year, the data showed.
According to CARE Ratings, the increase was led by food and non-food articles with inflation in food articles rising at 4.3% in February, higher than 1% witnessed in the corresponding period last year. This is the second consecutive month where inflation in food articles registered a positive trend.
Primary articles, including kitchen essentials like potato, onion, fruits, and milk, increased to 4.84% during the month, as against 3.54% in Jan
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