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India’s inflation based on wholesale price index (WPI) declined further to 3.85% for the month of February 2023 against 4.73% recorded in January 2023, on account of fall in prices of crude petroleum & natural gas, non-food articles, food products, minerals, computer, electronic & optical products, chemicals & chemical products, electrical equipment and motor vehicles, trailers & semitrailers. The wholesale inflation was 4.95% in December 2022.

The Component wise, primary articles index, having weight of 22.62%, declined 0.57% to 173.0 (provisional) in February 2023 from 174.0 (provisional) for the month of January 2023. Prices of Food Articles increased in February 2023 as compared to January 2023, while prices of Minerals, Non-food Articles and Crude Petroleum & Natural Gas declined in February 2023 as compared to January 2023.

Fuel & Power index, having weight of 13.15%, increased 1.93% to 158.8 (provisional) in February 2023 from 155.8 (provisional) for the month of January 2023. Prices of Mineral Oils and Coal increased in February 2023 as compared to January 2023.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased to 141.6 (provisional) in February 2023 from 141.3 (provisional) in January 2023. Meanwhile, for the month of December 2022, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 150.5 and 5.02% respectively.