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India's WPI inflation for February drops to 4.68 per cent
Build up inflation rate in the financial year so far was 5.17 per cent compared to a build up rate of 6.15 per cent in the corresponding period of the previous year.
Primary articles inflation declined by 0.1 per cent with the food articles group declining 0.3 per cent. The index for 'Non-Food Articles' group rose by 0.6 percent
Fuel and power index, which has significant weightage in the index fell declined by 0.1 per cent. The manufactured products index on the other hand rose by 0.1 per cent.
The annual rate of inflation for the month of Dec 2013 has been revised to 6.40 percent as compared to 6.16 percent reported earlier.
The decline in both WPI and CPI inflation will now raise hopes of an interest rate cut by the RBI, when it meets to review its Monetary policy later on April 1, 2014. Analysts are however, not too hopeful on whether the RBI would cut interest rates in the coming quarters.
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