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%).

Related News:

  • Fifth anniversary of Francis's papacy

    Fifth anniversary of Francis's papacy

    Francis is the first Jesuit pope, the first from the Americas, the first from the Southern Hemisphere. Vatican News reports that a prayer campaign was arranged in honor of the Pope's 5th anniversary.
    Broncos and Keenum agree on two years

    Broncos and Keenum agree on two years

    Siemian, Lynch and Chad Kelly, a seventh-rounder previous year who sat out his rookie season with injuries, remain on the roster. Denver also has the No. 5 overall pick in this year's NFL Draft but should be off the board for taking an early QB.
    Sierra Leone head for presidential polls

    Sierra Leone head for presidential polls

    The two parties dominate Sierra Leone's politics and have ruled alternately since independence from the United Kingdom in 1961. Meanwhile, security has been beefed up across the country as political alliances with smaller parties have begun in earnest.
  • Accenture Plc (NYSE:ACN) Shares Sold by Boston Research & Management Inc

    After $1.79 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts -16.76% negative EPS growth. KeyBanc Capital Markets maintained Expedia, Inc. $6.05M worth of stock was sold by MARTIN JOHN C on Monday, October 2.
    Delaware's deadliest flu season on record

    Delaware's deadliest flu season on record

    The recently deceased were both over the age of 80, and as with most flu-related deaths this year, had underlying health issues. DPH has counted 7,071 laboratory-confirmed flu cases this season, breaking the previous record of 4,554 set past year .
    New York Jets expected to sign Titans LB Avery Williamson

    New York Jets expected to sign Titans LB Avery Williamson

    While the contract details of Williamson's deal are not yet known, the linebacker did turn down a solid offer from the Titans. A model of durability, Williamson has played in 63 games since entering the league, including 59 starts.
  • Prime accused in Bhima-Koregaon violence detained

    Prime accused in Bhima-Koregaon violence detained

    The villagers, however, demanded that the government should take more efforts in arresting main conspirators behind the riots. It has been almost three months but the government has not found main conspirators which is a huge failure of the government".
    Fallout 3 remake project Capital Wasteland gets cancelled for legal reasons

    Fallout 3 remake project Capital Wasteland gets cancelled for legal reasons

    Twitter user JuiceHead, a YouTuber close to the the Capital Wasteland Project , said he believed this was proposed to Bethesda but was rejected.
    AMD investigating major security flaws in Ryzen chips

    AMD investigating major security flaws in Ryzen chips

    CTS has classified the vulnerabilities, which it found over the course of a six-month investigation, into four categories they're calling Ryzenfall , Masterkey , Fallout and Chimera .
  • GOP candidate apologizes after calling Parkland teen activist a 'skinhead lesbian'

    GOP candidate apologizes after calling Parkland teen activist a 'skinhead lesbian'

    Maine House candidate Leslie Gibson of Sabattus called Gonzalez a "skinhead lesbian" on Twitter. Hogg appeared on CNN to discuss the lack of implementation of stricter gun laws by the U.S.
    Leon Bridges announces new album and shares two new tracks

    Leon Bridges announces new album and shares two new tracks

    Stream Bridges' new singles below (or via your streaming service of choice here), and stay tuned for more on his new album. Ahead of the full tracklist reveal, Bridges has teased fans with two brand new tracks from the upcoming record.
    Leidos (LDOS) Price Target Increased to $75.00 by Analysts at Citigroup

    Leidos (LDOS) Price Target Increased to $75.00 by Analysts at Citigroup

    The aerospace company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The fund owned 15,566 shares of the aerospace company's stock after acquiring an additional 7,352 shares during the period.


Most liked

Everton chasing Arsenal Bosman prospect Wilshere
It is understood they were impressed with his performance during the Gunners' 2-0 win in Milan in the Europa League last Thursday. The Goodison Park club will enter the race for the 26-year-old this summer if he can not resolve his stand-off with the Gunners .

Brumback Sells 3000 Shares of Fifth Third Bancorp (FITB) Stock
Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. If a buyer buys one share of stock from a seller, then that one share is added to the total volume of that particular stock.

Hero MotoCorp launches Passion Pro and Passion XPro
The two Hero Passion motorcycles have received a slight bump in power and minor styling updates for the 2018 model year. Interestingly, the Passion XPro gets a smaller, 9.2-litre fuel tank as compared to 11 litres on the Passion Pro.

Kathleen Wynne says contrast between her and Doug Ford is 'stark'
She added that the Progressive Conservatives need to show Ontarians that they are united. "To Kathleen Wynne, I say your days are numbered as premier".

West Sussex could be set for more snow
Just when we thought spring is on the way a cold snap looks like it will blast the United Kingdom, the Met Office has said. By the end of the week, it is due to get a lot colder and will only reach highs of 2 degrees Celsius on Sunday.

Sadiq Khan reads out examples of racist abuse he receives online
Fake news and the algorithms, which the Mayor said were "blinkering us" from different points of view, were also criticised in the video .

Facebook may launch daily news programs this summer
Facebook is working with publishers on the particulars of budget needs and monetization opportunities, according to the report . The move could help Apple expand Apple News on iOS and its subscription business more broadly, Axios suggested.

SPDR S&P International Energy Sect ETF (IPW) Declines 0.425% for Mar 13
Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. These "units" can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.

Brawl in Turkish parliament after MPs vote to revamp electoral regulations
The fact that parliament is already moving to adopt the changes may point to a possible plan to move the poll to this summer. A number of MPs started a fist fight and shoved and chased one other in the chamber.

Stephen Hawking's science lives on after his death
The discovery led to a series of further innovations, including the proposal that black holes radiate heat. Others to pay tribute include Microsoft CEO Satya Nadella and the Prime Minister of India, Narendra Modi.

Marathon Petroleum (NYSE:MPC) Receives "Buy" Rating from Piper Jaffray Companies
Sg Americas Secs reported 39,262 shares or 0.02% of all its holdings. 141,042 are owned by Rafferty Asset Mgmt Limited Co. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.12% stake. 14,891 were accumulated by Private Trust Na.

Chinese reporter's eye roll goes viral
On messaging app WeChat, people were separating the two reporters into two parties, according to the colours of their clothing. Wonderful to see how these two ladies just exploded over Chinese social media in the span of a few hours.

UP bypoll counting: BJP leading in Gorakhpur, Phulpur
There 19.61 lakh voters in Phulpur parliamentary constituency, while there are 19.49 lakh electorate for Gorakhpur Lok Sabha seat. However, as of now, only the initial rounds of counting has been completed, and these are heavily influenced by postal votes.

Maruti Suzuki Swift likely to get a six-speed gearbox
Given the fact that Maruti has not clearly denied the development, the new 6-speed manual gearbox could indeed be in the works. For instance, cruising speed of 80-100km/hour on the highway can be done in the sixth gear rather than in the fifth gear.

Highest Recorded Levels of Microplastics Found In A Manchester River
Humans also consume them once they move up the food chain, though it is still unknown to what degree they impact human health. Is it on beaches, the seafloor, in marine organisms? 'We also need to reduce our use of plastics large and small.