Skip to main content

MoneyWorks4Me

Just in: February WPI eases to multi month low at 4.68%

14 Mar 2014 Evaluate

Offering additional relief to the policy makers after easing retail inflation data, Februrary WPI eased to multi-month low at 4.68% in February against 5.05% in January and compared to 7.28% in the corresponding month of previous year. The figures also were way below the street’s expectation of 4.9%. Meanwhile, build up inflation rate in the financial year so far was 5.17% compared to a build up rate of 6.15% in the corresponding period of the previous year. However, worryingly, core inflation data hardened to 3.2% in February as against 3% in January.