India's annual wholesale inflation eases at (-)0.91% in February

Inflation in fuels also continued to decline due (-)7.7% drop in the prices of diesel and (-)1.03% decline in that for petrol

India's annual wholesale inflation eased marginally to (-)0.91% for February, from (-)0.90% in the previous month, but was higher than the (-)2.17% level in the like month of the previous year, official data showed on Monday.

Also, the annual inflation for food articles was higher than the overall level at 3.35% for the month, even as pulses were costlier by 38.84% over the past year, as per the data on Wholesale Price Index (WPI) released by the Commerce and Industry Ministry.

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Data on retail price numbers are expected later in the evening.

 

The annual wholesale inflation in fuels also continued to decline, thanks to (-)7.7% drop in the prices of diesel and (-)1.03% decline in that for petrol.

The 12-month inflation in manufactured products, too, was in the negative at (-)0.58 percent.

But the index for food products rose 4.4% during the year.