India's February WPI unchanged at (-) 0.9%
Moneylife Digital Team 14 March 2016
The annual rate of inflation, based on monthly WPI, stood at -0.91% for February 2016, unchanged from January, shows official data 
 
India's wholesale price index (WPI) based inflation remained in negative territory for the sixteenth straight month in February at (-) 0.91% against (-) 0.90% in January. However, this was higher than the (-)2.17% level in the like month of the previous year, official data showed on Monday.
 
Manufactured products inflation, which has a weightage of 65%, grew 0.3%. Food articles inflation was down 3.2% in February.
 
The index for primary articles group declined by 3.4% to 244.7 (provisional) from 253.3 (provisional) for the previous month. The index for ‘Food Articles’ group declined by 3.2% to 259.1 (provisional) from 267.6 (provisional) for the previous month due to lower price of fruits and vegetables (11%), egg (6%), arhar and gram (5% each), coffee and moong (4% each), masur (3%), condiments & spices (2%) and wheat, jowar and fish-inland (1% each).  However, the price of barley (4%), fish-marine (3%), bajra (2%) and pork, ragi, maize and poultry chicken (1% each) moved up.
 
The index for fuel and power group declined by 1.2% to 169.6 (provisional) from 171.6  (provisional) for the previous month due to lower price of aviation turbine fuel (14%), bitumen (7%), furnace oil (3%) and LPG, petrol and high speed diesel (1% each). 
 
Meanwhile, the overall WPI for December 2015 has been revised to (-) 1.06% from a level of (-) 0.73% announced earlier.
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