India: Inflation eases in February, while fall in wholesale prices stabilizes
March 14, 2016
Consumer prices in February decreased 0.32% over the previous month, which contrasted January’s 0.16% rise. The monthly decrease reflected lower prices for food and beverages compared to the previous month. Inflation eased in February, coming in at 5.2%. Inflation had hit the highest level since August 2014 in January, tallying 5.7%. February’s result came in below market analysts’ expectations of 5.6% inflation.
The wholesale price index (WPI) in February fell 0.97% over the previous month, which followed January’s 0.62% drop. February’s reading partly reflected falling prices for food as well as for fuel and power products. On an annual basis, wholesale prices fell 0.9% in February, which mirrored January’s result. However, the trend pointed up and annual average WPI inflation rose from minus 2.7% to minus 2.6%.