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Current Affairs

Wholesale Inflation in February 2020

Current context: The Wholesale Price Index for 'All Commodities' for the month of February, 2020 declined by 0.6% to 122.2 (provisional) from 122.9 (provisional) for the January 2020.
Wholesale Inflation in February 2020
  • The annual rate of inflation, based on monthly WPI, stood at 2.26% (provisional) for the month of February 2020 over February 2019.
  • In January 2020, WPI inflation stood at 3.1%.
  • The WPI inflation for food articles for February 2020 was at 7.79 %.
  • The rate of price rise for onion and potato came down to 162.30 % and 60.73 % as compared to 293.37% and 87.84% respectively in January 2020.
  • The Build-up inflation rate in the current financial year so far was 1.92 %.
  • The WPI measures the price of a representative basket of wholesale goods.
  • In India, wholesale price index is divided into three groups:
    1. Fuel and Power (13.2 percent)
    2. Primary Articles (22.6 percent of total weight)
    3. Manufactured Products (65.42 percent)

Question: 

Q.1 The annual rate of inflation, based on monthly WPI, stood at _______% (provisional) for the month of February, 2020?
a. 2.89
b. 2.26
c. 2.10
d. 2
Wholesale Inflation in February 2020 Wholesale Inflation in February 2020 Reviewed by Neha Verma on March 17, 2020 Rating: 5

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