Feb WPI comes in at -0.91%; food products index up 0.8% MoM

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The wholesale price index, or WPI, for the month of February has come in flat at -0.91 percent, compared with January's -0.90 percent and -2.17 percent during the corresponding month of 2015. 

 

A CNBC-TV18 poll had hinted at a contraction in WPI to -0.3 percent. Meanwhile, the ministry of commerce and industry has revised December WPI inflation to -1.06 percent from -0.73 percent. Primary articles, which is 20.12 percent of WPI, declined by 3.4 percent. 

 

 

The index for 'Food Articles' group slipped by 3.2 percent in February due to lower price of fruits and vegetables (11 percent), egg (6 percent), arhar and gram (5 percent each), coffee and moong (4 percent each), masur (3 percent), condiments and spices (2 percent) and wheat, jowar and fish-inland (1 percent each).