India Wholesale Price Index Rises More Than Expected

Trading 14 mar 2019 Donner votre avis

India's wholesale price inflation rose slightly in February and exceeded expectations, data from the Ministry of Commerce & Industry showed on Thursday.

Wholesale price inflation rose to 2.93 percent year-on-year in February, following a 2.76 percent climb in January. That was above economists' expectation of 2.8 percent.

The build-up inflation rate in the financial year so far was 2.75 percent compared to a build up rate of 2.56 percent a year ago, the ministry said.

On a monthly basis, the wholesale price index rose 0.3 percent in February.

Prices in the primary articles group decreased 0.2 percent. Within that food prices fell 0.2 percent, while non-food prices rose 1 percent.

Fuel and power group registered price growth of 1.7 percent. Prices for manufactured products grew 0.2 percent.


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