In February food index rose 2.76% year-on-year, from 2.95% in January, while fuel and power rose 14.82% from 15.15%. Decline in the rate of inflation was broad based primarily driven by fall in prices of crude, energy prices, non-food and food articles, the government said in the statement. Data released on Monday showed India's annual retail inflation eased to 6.44% in February, helped by a fall in the price of some food items. However, concerns about price pressures remain as retail inflation was above central bank's upper tolerance of 6% for the second consecutive month, with core inflation remaining sticky. (Reporting by Aftab Ahmed amd Shivangi Acharya; Editing by Kim Coghill & Shri Navaratnam)
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NEW DELHI, March 14 (Reuters) - India's annual wholesale
price-based inflation (WPI) eased to the lowest in over two
years, dragged down by a fall in overall input costs for
manufacturers on the back of favourable commodity prices.
WPI in February eased to 3.85% year-on-year,
compared with 4.73% in the previous month.
It was below the Reuters forecast of 4%, and also marked
the lowest since January 2021, when it recorded 2.51%.
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