WPI inflation falls (-)0.91% in Feb

New Delhi, Mar 14 (ANI): India’s wholesale prices tanked for the 16th straight month in February, with the Wholesale Price Index (WPI)-based inflation declining 0.91 percent compared with a 2.61 percent fall in the corresponding period of the previous year.

According to the government data released on Monday showed, in January, the index had fallen 0.90 percent. The December data has been revised to -1.06 percent from -0.73 percent.

Food articles in February showed an inflation of 3.35 percent, while pulses became dearer by 38.84 percent.

Cereals, wheat, milk and meat, too, became costlier in the month. For onions, however, the rate of inflation dropped significantly with prices going down by 13.22 percent.

The rise in food inflation this financial year is 3.93 percent. It was 6.86 percent in the corresponding period of last year. (ANI)

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