Question
Download Solution PDFWhat was the annual rate of inflation based on the Wholesale Price Index (WPI) for February 2025?
Answer (Detailed Solution Below)
Option 2 : 2.38%
Detailed Solution
Download Solution PDFThe correct answer is 2.38%.
In News
- The annual rate of inflation based on the Wholesale Price Index (WPI) was recorded at 2.38% for February 2025.
Key Points
- In February 2025, WPI inflation stood at 2.38%, showing a slight increase from January 2025’s inflation rate of 2.31%.
- The increase in WPI inflation was primarily driven by a rise in the prices of manufactured food products, food articles, non-food articles, and textiles.
- The WPI Food Index, which includes food articles and manufactured food products, decreased to 189.0 in February 2025 from 191.4 in January 2025.
- The final WPI inflation for December 2024 was 2.57%, indicating a gradual decrease over the months.
Additional Information
- Wholesale Price Index (WPI)
- WPI measures changes in the prices of goods at the wholesale level before they reach consumers.
- The base year for the WPI calculation is 2011-12.
- It is released monthly by the Department for Promotion of Industry and Internal Trade (DPIIT).
- Key WPI Components for February 2025
- Primary Articles: 2.81% inflation.
- Fuel & Power: -0.71% deflation.
- Manufactured Products: 2.86% inflation.