WPI Inflation eases yet again; recorded 2.48% in February as food, veggies get cheaper
The Wholesale Price Index (WPI) for the month of February was recorded 2.48% easing yet again on lower food prices as compared to 2.84% in the previous month.
By: FE Online | Updated: March 14, 2018 1:08 PM
The Wholesale Price Index (WPI) in the month of February was recorded 2.48%, easing yet again for the third month on lower food prices as compared to 2.84% in the previous month. The WPI Inflation is in line with the ET Now poll which had estimated the index to be at 2.4%.
The WPI index was eased in the month of February on lower food, vegetable, and fuel prices. The February WPI food inflation was recorded at 0.07% as compared to 1.65% in January, while the WPI fuel and power inflation were recorded 3.81% as compared to 4.08% in January.
The CPI in the month February also eased further to 4.44% from previous month’s 5.1%. According to experts, inflation is softening due to a slowdown in the food price inflation on account of one-off seasonal factors. The inflation in the month of November surged to 17-month-high after huge losses to crops due to unseasonal rains.
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