February wholesale price inflation at 2.48%, eased for 3rd straight month
In an interview with CNBC-TV18, Rupa Rege Nitsure, Chief Economist at L&T Financial Services shared her views and outlook for the same.
Wholesale price index (WPI) inflation, this month has come down to 2.48 percent as compared to 2.8% in the last month. It would imply that WPI inflation has eased for the third straight months. In November the WPI was 4% which went down to 3.5% in December.
Manufactured products inflation of February stood at 3.04% which was 2.78% last month. Whereas, food inflation is at 0.07% as compared to 1.65% of January. Vegetable inflation came down drastically to 15.26% from 40.77%. Fuel and power inflation saw a fall by 1%.
First Published: Mar 14, 2018 8:58 AM IST
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