Wholesale price Inflation shot up at a 39-month high
Wholesale price Inflation shot up at a 39-month high

The Wholesale price inflation (WPI), the indicator to measure the wholesale inflation in the Indian economy hit a 39-month high in February. The  February WPI stood at 6.55 percent. 

The  January WPI index inflation was down compared to February at 5.25 percentThe Wholesale data showed a rise in year-on-year January data at 5.25 compared with a 1.07 percent drop a year ago. In December, there was a provisional rise in the data at 3.39 percent. Wholesale food prices registered a fall of 0.56 percent year-on-year, compared with a provisional 0.70 fall in December.

Contrary, the Consumer price inflation or Retail inflation steep down registering its lowest in the last five years in January as food articles prices fell with the sudden introduction of the demonetization drive, but the RBI is monitoring the inflation and the demonetization effect properly keeping the interest rates unchanged.

The Annual rise in the Consumer prices was 3.17 percent last month - sluggish pace since 2012 when the current index series were introduced.


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