Inflation rears its head again, rises to 6.95 per cent in February
14 Mar 2012
After declining steadily from November 2011, India's wholesale price-based inflation rate rose for the first time and stood at 6.95 per cent in February 2012, up 40 basis points from 6.55 per cent in the previous month.
The spike was mainly due to a jump in primary food inflation, despite a decline in the inflation rate for manufactured products and fuel in February.
The annual rate of inflation, based on the wholesale price index (WPI) stood at 9.54 per cent during the corresponding month of the previous year.
Build-up of inflation rate so far during the financial year was 5.95 per cent compared to 8.66 per cent in the corresponding period of the previous year.
The official wholesale price index for 'all commodities' (Base: 2004-05 = 100) rose 0.40 per cent to 158.4 (provisional) in February 2012 from 157.7 (provisional) in the previous month.
During February 2012, the index for the `primary articles' group rose 0.9 per cent to 201.5 (provisional) from 199.7 (provisional) in the previous month.
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