WPI inflation eases to 25-month low in Feb as manufacturing prices cool

Inflation for manufactured items eased to 1.94% in Feb from 2.99% in Jan

The wholesale price index (WPI)-based inflation rate fell to a 25 month low of 3.85 per cent in February, pulled down by a higher base and easing of pricing pressure across various goods categories.

WPI stood at 4.73 per cent in January 2023, compared to 2.51 per cent in January 2021. It is the fifth consecutive month that factory-gate inflation has seen a single-digit print after remaining in double digits for 18 months.

Data released by the ministry of commerce and industry on Tuesday showed that inflation for manufactured items eased to 1.94 per cent in February from 2.99 per