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Investing.com -- India’s wholesale inflation increased to 2.38% year-on-year in February, up from 2.31% in January, due to elevated prices of some fruits and vegetables, according to data released by the government on Monday.
Wholesale food prices in February rose 5.94%, after a 7.47% increase in January. Vegetable prices declined by 5.80%, compared to an 8.35% increase in the previous month. However, prices of potatoes, onions, and fruits saw a rise between 21% and 48%.
In February, cereal prices increased by 6.77%, compared to a 7.33% rise in January. Manufactured products, which make up about 64% of the wholesale price index, saw a price increase of 2.86% after a 2.51% increase in January.
On the other hand, prices for fuel and power fell 0.71% year-on-year, compared to a 2.78% drop in January.
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