As per data released by the Ministry of Commerce and Industry on Wednesday, the official WPI for "All Commodities" for the month of February, 2018 remained unchanged at its previous month level of 115.8 (Provisional).
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.More news: PM Trudeau visiting Hamilton, Ont. to show support for steel workers
Inflation in vegetables softened with annual inflation at 15.26 per cent as against 40.77 per cent in January.More news: Eric Ebron dropped by Detroit Lions
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. Wholesale food prices in February 2018 rose just 0.88 per cent from a year earlier, compared with a 3 per cent rise in January, the data showed.
While the rate of price rise in onion slowed, it increased in the case of another kitchen essential, potato.More news: Featured Stock Overview: Anheuser-Busch InBev SA/NV (NYSE:BUD)
Inflation in protein rich items eggs, meat and fish fell 0.22% from a 0.37 % growth in January while that of fruits rose 6.13%, lower than 8.49% registered in the trailing month. The index for fuel and power (weight 13.15 per cent), on the other hand, increased by 1.2 per cent to 98.1 from 96.9 for the previous month due to higher price of non-coking coal, ATF, kerosene, lube oils, furnace oil, HSD, petrol and petroleum coke. "At present, we expect the average WPI inflation to rise to 3.9% in FY2019 from around 2.9% in FY2018", said Aditi Nayar, principal economist at credit rating agency ICRA.