India: Both consumer and wholesale price inflation slow in February
Consumer prices dropped 0.73% in February compared to the previous month, after falling 0.13% in January. The fall was largely due to cheaper food and beverages.
Consumer price inflation slowed to 6.6% in February from 7.6% in January. As a result, inflation edged closer to the upper limit of the Reserve Bank of India’s (RBI) target range of 2.0%–6.0%.
Wholesale prices fell 0.57% in February compared to the previous month, after falling 0.08% in January. Wholesale price inflation, meanwhile, slowed to 2.3% in February from 3.1% in January.