Business

February inflation rises to 6.84 pc from 6.62 pc in January

Reuters | Updated Mar 14, 2013 at 12:47pm IST

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New Delhi: India's wholesale price index (WPI) rose a faster-than-expected 6.84 per cent in February, clouding the policy outlook ahead of the RBI meeting next week.

Analysts polled by Reuters had expected wholesale prices, the main inflation gauge, to rise an annual 6.54 per cent, slower than an annual rise of 6.62 per cent in January.

The reading for December was revised up to 7.31 per cent from 7.18 per cent, government data also showed on Thursday.

Feb inflation rises to 6.84 pc from 6.62 pc in Jan

Core inflation, which excludes volatile food and fuel prices, has been easing since September 2012.

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Inflation

Posted on May 15, 2013 at 05:35PM IST
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of the functional currency buys fewer goods and services; consequently, in ...

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