Wholesale inflation eases to 2.48% in Feb'18

Data released by the commerce and industry ministry on Wednesday showed inflation, as measured by the wholesale price index (WPI), rose an annual 2.5%, slower than the previous month's 2.8% and lower than 5.5% in the year earlier period.

India's wholesale inflation declined in February 2018 for the third successive month, after reaching an eight-month high of 3.9 per cent in November, 2017.

Meanwhile, the inflation in fuel and power segment dropped to 3.81% in February as compared to 4.08% in January.

Retail prices in February too had eased with consumer price index-based inflation falling to a four-month low of 4.44 per cent in February from 5.07 per cent in January. Moreover, average crude oil prices so far in March 2018 remain lower than the trend for the previous month.

The index for "Manufacture of Textiles" group rose by 0.6 per cent to 113.7 (provisional) from 113.0 (provisional) for the previous month due to higher price of weaving and finishing of textiles, cotton yarn, synthetic yarn and manufacture of made-up textile articles, except apparel (one per cent each). However, the price of manufacture of other textiles (1 per cent) declined.

Fuel-wise, prices in February of both high-speed diesel and petrol climbed higher than in the previous month, by 7.41 per cent and 2.52 per cent, respectively.

However, expenses on manufactured products in the month under review registered a rise of 3.04 per cent, from 2.78 per cent in January.

Among primary articles, food, which has a weightage of 15.26 per cent in the index, edged up last month by 0.88 per cent from an acceleration of three per cent reported for January.

Vanessa Coleman