WPI inflation eases to 2.48% in February

Wholesale inflation eases to 7-month low of 2.48% in February

Lower inflation in fuel and food helped ease India's wholesale inflation in February to a seven month low of 2.48%, data released on Wednesday showed.

Annual wholesale price inflation last month slowed to 2.48 percent from a year earlier, from a provisional 2.84 percent rise in January, reported Reuters. The February WPI rose 0.07% year-on-year, as compared to a 1.65% rise a month earlier, the data showed.

The index for 'Printing and Reproduction of Recorded Media ' group declined by 0.8 percent to 143.5 (provisional) from 144.6 (provisional) for the previous month due to lower price of printed labels/posters/calendars (3%), printed form & schedule (2%) and printed books (1%).

"The sharp rise in the core-WPI inflation to a 42 month high 3.9% in February 2018, raises concerns regarding the sustainability of the subdued headline inflation print", said Aditi Nayar, principal economist at ICRA.

Inflation in vegetables softened with annual inflation at 15.26 per cent as against 40.77 per cent in January.

Inflation in pulses remained in the negative zone at -24.51%, and likewise with cereals and wheat. WPI inflation in protein rich items like egg, fish and meat too was in the negative zone.

The index for "Crude Petroleum & Natural Gas" group rose by 2.9% to 80.6 (provisional) from 78.3 (provisional) for the previous month due to higher price of crude petroleum (3%) and natural gas (2%).

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