WPI inflation eases to 3.85% in February from 4.73% in January Says Raghvendra Nath, Ladderup Wealth Management
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Below View on WPI data By Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited
“WPI inflation eases to 3.85% in February from 4.73% in January and 4.95% in December. It has now stayed below 5% for the 3rd consecutive month. The easing of inflation was primarily due to fall in prices of crude petroleum & natural gas, non-food articles, food products etc. Inflation in primary articles was down to 3.28% from 3.88% in January, Fuel & power inflation moderated slightly to 14.82% from 15.15% & manufactured products saw inflation easing to 1.94% from 2.99% in January. Change in WPI on MoM basis was 0.20%. The easing of WPI is in line with the recent CPI number for February at 6.44% (although above RBI’s upper limit of 6%). Future MPC decisions remain susceptible to FED’s announcement next week.”
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