India Inflation Rate Up tp 6.84% in February


The annual rate of inflation, based on monthly WPI, stood at 6.84% (Provisional) for the month of February, 2013 (over February, 2012) as compared to 6.62% (Provisional) for the previous month and 7.56% during the corresponding month of the previous year. Build up inflation in the financial year so far was 5.71% compared to a build up of 6.56% in the corresponding period of the previous year.

The index for this major group rose by 0.6 percent to 222.7 (Provisional) from 221.4 (Provisional) for the previous month.

The index for 'Food Articles' group rose by 0.2 percent to 214.3 (Provisional) from 213.8 (Provisional) for the previous month due to higher prices of masur (8%), ragi (7%), poultry chicken (6%), fish-inland (4%), jowar (3%), urad, condiments & spices, barley, fish-marine, arhar and rice (2% each) and egg, mutton, maize and wheat (1% each). However, the prices of gram (7%), coffee (6%) and fruits & vegetables and tea (2% each) declined.

The index for 'Non-Food Articles' group rose by 1.6 percent to 205.6 (Provisional) from 202.3 (Provisional) for the previous month due to higher prices of flowers (20%), raw jute (9%), fodder (7%), guar seed (6%), mesta (5%), raw cotton (4%), logs & timber (3%), groundnut seed (2%) and soyabean (1%). However, the prices of rape & mustard seed (6 %), raw silk (5%), copra, castor seed and raw rubber (3% each), sunflower, gingelly seed and cotton seed (2% each) and coir fibre (1%) declined.

The index for 'Minerals' group rose by 0.9 percent to 350.1 (Provisional) from 347.0 (Provisional) for the previous month due to higher prices of copper ore (14%), barytes (11%), magnesite and steatite (7% each), zinc concentrate and dolomite (5% each) and crude petroleum (2%). However, the prices of iron ore (5%) declined.


Ministry of Commerce and Industry, anna@tradingeconomics.com
3/14/2013 11:28:26 AM