Wholesale inflation rises to 2.93% in Feb

Inflation based on wholesale prices inched up to 2.93 per cent in February over the previous month on account of firming up of prices of food items, including vegetables and cereals, according to government data released on Thursday.

The Wholesale Price Index (WPI)-based inflation was 2.76 per cent in January 2019 and 2.74 per cent in February 2018.

Earlier, the Consumer Price Index data also showed that retail inflation, which is factored in by the RBI while deciding key interest rate, rose to 2.57 per cent, which was a four-month-high level, in February due to costlier food articles.

According to the latest WPI data, the inflation in the food basket was 4.28 per cent in February, compared with 2.34 per cent in the previous month.

On a monthly basis, the data showed that inflation was higher in cases of cereals, paddy, wheat, pulses, vegetables, fruits and other protein-rich kitchen essentials such as egg, meat and fish.

However, the rate of price rise in February was slower in the case of milk.