Inflation eases slightly in February
Inflation declined slightly to 6.4% in February from January’s 6.5%. February’s result was slightly above market expectations.
The trend increased, with annual average inflation in February coming in at 6.8% as compared to January’s 6.7%.
Lastly, consumer prices increased 0.17% month-on-month in February, compared with the 0.46% mom rise recorded in January.
Looking ahead, our panelists expect inflation to continue declining this year on a tougher base effect, weakening economic activity and cooling commodity prices. Key factors to watch include this season’s wheat crop, monetary policy, currency fluctuations, the Russia-Ukraine grain deal and changes in export controls for key agricultural commodities.
India Inflation (WPI, ann. var. %, eop) Data
|Inflation (WPI, ann. var. %, eop)||2.7||3.1||0.4||7.9||14.6|