Rediff.com« Back to articlePrint this article

Wholesale prices fall 2.06% in February

March 16, 2015 12:40 IST

India's wholesale prices declined at a much faster-than-expected pace of 2.06 per cent on year in February, their fourth straight monthly fall, on the back of plunging global oil prices, government data showed on Monday.

The data compared with a 0.70 per cent year-on-year fall forecast by economists in a Reuters poll and a provisional 0.39 percent decline in January.

The reading for December wholesale price inflation was revised to an annual fall of 0.50 per cent from a gain of 0.11 per cent earlier.

Rajesh Kumar Singh
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.