India Wholesale Inflation at 7-Month Low of 2.48%



Wholesale prices in India rose by 2.48 percent year-on-year in February of 2018, after a 2.84 percent increase in the prior month while markets estimated a 2.5 percent gain. It was the lowest wholesale inflation since July 2017, as cost of food and fuel rose at softer paces.

In February, cost of primary articles increased at a slower 0.79 percent (from 2.37 percent in January), mainly due to a 0.88 percent rise in cost of food (from 3.0 percent in a month earlier), namely vegetables (15.26 percent, compared to 40.77 percent). Also, cost of fuel and power went up by 3.81 percent, easing from a 4.08 percent rise in a month earlier. Meantime, cost of manufactured products rose 3.04 percent, following a 2.78 percent in January.

On a monthly basis, wholesale prices were unchanged, after a 0.1 percent rise in January. 

India Wholesale Inflation at 7-Month Low of 2.48%


Office of the Economic Adviser l Rida Husna | rida@tradingeconomics.com
3/14/2018 6:59:10 AM