India’s Wholesale price index (WPI)-based inflation eased below the 4 per cent-mark in February and was recorded at 3.85 per cent, data released by the Ministry of Commerce and Industry showed. In January, the WPI inflation figure was 4.73 per cent. This is the lowest since January 2021 when the WPI inflation was 2.51 per cent.
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According to the data released, the decline in the rate of inflation in February is primarily due to the 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 & semi-trailers.
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