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Business News/ Industry / WPI inflation eases to 2.48% in February
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WPI inflation eases to 2.48% in February

Annual wholesale price inflation slowed to 2.48% in February from a year earlier, helped by softer rise in food and fuel prices

Wholesale food prices in February rose 0.07% year-on-year, compared with a 1.65% rise a month earlier. Photo: Hindustan TimesPremium
Wholesale food prices in February rose 0.07% year-on-year, compared with a 1.65% rise a month earlier. Photo: Hindustan Times

New Delhi: India’s annual wholesale price inflation eased for the third straight month in February after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Wednesday.

The Reserve Bank of India (RBI), which has kept rates steady since a 25 basis-point cut in August, is widely expected to keep them unchanged at its next policy review on 5 April.

Annual wholesale price inflation last month slowed to 2.48%, from a provisional 2.84% rise in January.

Wholesale food prices in February rose 0.07% from a year earlier, compared with 1.65% in January, the data showed. India’s retail inflation rate, the main policy target for the RBI, declined for the second straight month in February, to 4.44%, but remained above the central bank’s 4% medium-term target.

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Published: 14 Mar 2018, 12:21 PM IST
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