New Delhi, March 16: India's annual inflation rate based on wholesale prices declined to 2.26 percent in February 2020 from a rise of 3.10 percent in January 2020, official data by the government showed on Monday. According to data released by the government on Monday, the official Wholesale Price Index for 'All Commodities'  for February 2020 declined by 0.6% to 122.2 from 122.9 for the previous month.

Apart from the annual rate of inflation, the build up inflation rate in the financial year so far was 1.92% compared to a build up rate of 2.75% in the corresponding period of the previous year. On a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data by the Ministry of Commerce and Industry showed a decelerating trend during February, as inflation had risen to 2.93 per cent during the corresponding month of 2019. Retail Inflation Relaxes to 6.59% in February as Against 7.59% in January; Industrial Output Surges by 2%.

Here's the tweet:

The annual rate of inflation, based on monthly WPI, stood at 2.59 per cent (provisional) in the previous month and 2.76 per cent during the corresponding month of the previous year.  The index for primary articles declined by 2.8% to 143.1 (provisional) from 147.2 (provisional) for the previous month.

The index for fuel and power group rose by 1.2% to 103.9 (provisional) from 102.7 (provisional) for the previous month. Meanwhile, the index for manufactured products rose by 0.2% to 118.7 (provisional) from 118.5 (provisional) for the previous month. In January 2020, the wholesale inflation in India stood at 3.1 per cent even as the consumer price inflation had hit a six-year peak of 7.59 per cent, government data showed.

(The above story first appeared on LatestLY on Mar 16, 2020 12:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).