For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

WPI Inflation For Feb Stays Flat At -0.91%

|

The annual rate of inflation, based on monthly WPI, stood at -0.91% (provisional) for the month of February, 2016 (over February, 2015) as compared to -0.90% (provisional) for the previous month and -2.17% during the corresponding month of the previous year.

Build up inflation rate in the financial year so far was -1.19% compared to a build up rate of -2.61% in the corresponding period of the previous year.

WPI Inflation For Feb Stays Flat At -0.91%
The index for primary articles declined by 3.4 percent to 244.7 (provisional) from 253.3 (provisional) for the previous month.
 

The index for the manufacturing group rose by 0.3 percent for the month of Feb 2016. For the month of December, 2015, the final Wholesale Price Index for ‘All Commodities' stood at 176.8 as compared to 177.4 (provisional) and annual rate of inflation based on final index stood at -1.06 percent as compared to -0.73 percent (provisional) respectively as reported on 14.01.2016.

The Inflation was slightly better than expectations. Investors and economists would, however, look for the CPI Inflation data that is due later today.

The Reserve Bank of India is widely expected to cut interest rate in its policy review in April. This is after the government adhered to the fiscal deficit target of 3.5 per cent for 2016-17.

GoodReturns.in

Read more about: wpi inflation
Story first published: Monday, March 14, 2016, 12:13 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more