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India’s Feb WPI inflation eases to 3.85% y/y

By Reuters On Mar 14, 2023

India's Feb WPI inflation — © Reuters. FILE PHOTO: Workers transport sacks that are loaded on a cart at a wholesale market in the old quarters of Delhi, India, December 7, 2022. REUTERS/Anushree Fadnavis

NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in February to 3.85% year-on-year, government data showed on Tuesday.

The reading was lower than the Reuters forecast of 4.00% and the 4.73% recorded in the previous month.