Moneycontrol
Mar 15, 2016 12:53 PM IST | Source: PTI

Decline in inflation on expected line: FinMin

"February 2016 inflation numbers are down and on expected lines. Lower food inflation main reason," Department of Economic Affairs Secretary Shaktikanta Das tweeted.


The Finance Ministry today said decline in February 2016 inflation numbers (WPI and CPI inflation) is on expected line.


"February 2016 inflation numbers are down and on expected lines. Lower food inflation main reason," Department of Economic Affairs Secretary Shaktikanta Das tweeted.


Retail inflation eased in February as food prices rose at a slower pace, while Wholesale Price Index stayed in negative territory for the 16th month.


Retail inflation, as measured by the Consumer Price Index (CPI), rose by 5.18 percent in February, lower than 5.69 percent in January.


WPI-based inflation also declined for the month. It was (-)0.91 percent, led by tumbling oil prices, according to data released by Ministry of Commerce and Industry. It was (-)0.9 percent in January.


Consumer food prices rose by a lower 5.3 percent in February, as opposed to 6.85 percent increase in January.

Fruit prices dipped 0.7 percent, while prices of pulses rose about 38 percent.

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