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WPI inflation stays negative for 16 month

In January index has fallen 0.90 per cent

Policy Pulse
Publish Date: Mar 14 2016 2:48PM | Updated Date: Mar 15 2016 12:04PM

WPI inflation stays negative for 16 month

 India's wholesale prices fell for the 16th straight month in February, with the Wholesale Price Index (WPI)-based inflation declining 0.91% compared with a 2.61% fall in the corresponding period of the previous year, government data released on Monday showed. 

 
In January, the index had fallen 0.90%. The December data has been revised to -1.06% from -0.73%. 
 
Food articles in February showed an inflation of 3.35%, while pulses became dearer by 38.84%. Cereals, wheat, milk and meat, too, became costlier in the month. For onions, however, the rate of inflation dropped significantly with prices going down by 13.22%. 
 
The rise in food inflation this financial year is 3.93%. It was 6.86% in the corresponding period of last year. 
 
As per the data, inflation in price of primary articles was 1.58% compared with 4.63% last month. Inflation in manufacturing products was 0.58% compared with 1.17% last month.