new Delhi. The common man has suffered a major setback of inflation. In fact, retail inflation has reached a record high of 8 months with 6.07 percent in February. Due to the rise in the prices of food products, the rate of retail inflation has increased to 6.07 percent in February.
According to the data released by the National Statistical Office (NSO), the rate of retail inflation based on Consumer Price Index (CPI) stood at 6.07 per cent in February 2022. It was 5.03 percent in the same month a year ago, while it was 6.01 percent in January 2022.
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The reason for the increase in the price of food items
The data shows that the main reason for the rise in retail inflation in February was the increase in the prices of food items. Last month, the prices of food-related products increased by 5.89 per cent, compared to 5.43 per cent in January.
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Wholesale inflation rises to 13.11 percent in February
The Wholesale Price Index (WPI) inflation rose to 13.11 per cent in February 2022. This information has been received from government figures on Monday. Wholesale inflation has remained above 10 per cent for the 11th consecutive month since April 2021. The WPI was 12.96 per cent in January 2022, while it was 4.83 per cent in February last year. According to the data, inflation in food articles came down to 8.19 per cent in February 2022 from 10.33 per cent in January.
Tags: business news in hindi, inflation
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