WPI Inflation Eases to 2.48 Percent in February
Annual wholesale price inflation last month slowed to 2.48 percent from a year earlier, from a provisional 2.84 percent rise in Janua
A vendor loads tomatoes in a bag for a customer at a wholesale vegetable market in Mumbai, India, March 14, 2018. REUTERS/Danish Siddiqui
New Delhi: The annual wholesale price inflation eased in February for the third straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Wednesday.
Annual wholesale price inflation last month slowed to 2.48 percent from a year earlier, from a provisional 2.84 percent rise in January.
The latest inflation was in line with a 2.50 percent increase forecast by economists in a Reuters poll.
Wholesale food prices in February rose 0.07 percent year-on-year, compared with a 1.65 percent rise a month earlier, the data showed.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- How a Wheelchair Taxi Service is Helping Specially-Abled Voters in Mumbai Reach Poll Booths
- Bigg Boss 13: Krushna Reacts to Siddharth's Comment on Sister Arti, Says How Can He Do This
- Prime Minister Narendra Modi Meets Pilot Who Built a 6-Seater Aircraft on His Terrace
- Indian Government Procures Hyundai Kona Electric SUV, Preferred Over Tata and Mahindra
- OnePlus TV 55Q1 Pro Review: Mildly Eccentric But You’ll Love a Great QLED Display