ECONOMY

WPI inflation eases in February, buoyed by softer inflation

Eases to 2.48% from January's 2.84%

ap-retail-inflation Representational image | AP

India’s 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 per cent from a year earlier, from a provisional 2.84 per cent 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 per cent year-on-year, compared with a 1.65 per cent rise a month earlier, the data showed. 

On Tuesday, retail inflation fell to a 4-month low of 4.44 per cent in February on cheaper food articles and lower cost for fuel.

Retail inflation, based on Consumer price index, was at 5.07 per cent in January. In February 2017, however, it was 3.65 per cent.

It was 4.88 per cent in November last year.