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WPI inflation accelerates to 6.84 per cent in Feb

Updated: Mar 14, 2013 08:26:06pm
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New Delhi, Mar 14 (KNN)The Wholesale Price Index rose faster than expected to 6.84 per cent in February, higher than the 6.54 per cent rise estimated by analysts, affecting the policy outlook,ahead ofthe RBI meeting next week.

Wholesale prices rose 6.62 per cent in January.
The non-food manufacturing inflation, which the central bank uses to gauge demand-driven price pressures, slowed to 3.8 percent in February from 4.1 percent a month ago.
The reading for December was revised to 7.31 percent from 7.18 per cent, government data showed earlier today.
Higher prices of food items pushed up the consumer price inflation to 10.91 per cent in February from 10.79 per cent a month ago, government data on Tuesday showed.
The Reserve Bank of India is widely expected to cut interest rate by another 25 basis points at its upcoming policy review on Mar 19.  Notably, inflationary risks stemming from high food prices have tempered expectations for any aggressive monetary easing.

Here are the key inflation components:
  • Primary Articles Inflation at 9.70 per centVs 10.31 per cent (MoM)
  • Primary Articles Index up 0.6 per cent (MoM)
  • Fuel and Power Group Inflation at 10.47 per centVs 7.06 per cent (MoM)
    Fuel and Power Group Index ip 3 per cent (MoM)
  • Manufactured Products Inflation at 4.51 per centVs 4.81 per cent (MoM)
    Manufactured Products Index Down 0.1 per cent (MoM)
  • Food Articles Inflation at 11.38 per centVs 11.88 per cent (MoM)
    Food Articles Index up 0.2 per cent (MoM)
  • Non-food Manufactured Products Inflation at 3.8 per centVs 4.1 per cent (MoM)
  • Non-food Articles Index up 1.6 per cent (MoM)
  • ll Commodities Index up 0.6 per cent (MoM)
  • Minerals Group Index up 0.9 per cent (MoM)
  • WPI LPG Prices Up 21 per cent (MoM)   
(KNN/SD)

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