Feb CPI, WPI seen easing off a bit aided by food

The CPI has risen for the past 6 months from 3.7 percent to a 17-month high of 5.7 percent in January 2016. However, it is likely to decline in February led by food inflation mainly on easing seen in vegetable prices such as onions.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Economy

Mar 14, 2016, 11.24 AM | Source: CNBC-TV18

Feb CPI, WPI seen easing off a bit aided by food

The CPI has risen for the past 6 months from 3.7 percent to a 17-month high of 5.7 percent in January 2016. However, it is likely to decline in February led by food inflation mainly on easing seen in vegetable prices such as onions.

Like this story, share it with millions of investors on M3

Feb CPI, WPI seen easing off a bit aided by food

The CPI has risen for the past 6 months from 3.7 percent to a 17-month high of 5.7 percent in January 2016. However, it is likely to decline in February led by food inflation mainly on easing seen in vegetable prices such as onions.

Post Your Comments

Share Cancel

The Consumer Price Index (CPI) for February is expected to ease off a bit month-on-month to 5.53 percent from 5.69 percent, as per estimations of a CNBC-TV18 poll. The poll hints at a contraction in the Wholesale Price Index (WPI) as well to -0.3 percent, compared to -0.9 in January.

The CPI has risen for the past 6 months from 3.7 percent to a 17-month high of 5.7 percent in January 2016. However, it is likely to decline in February led by food inflation mainly on easing seen in vegetable prices such as onions. Food inflation had touched an 11-month high of 6.8 percent in January.

If the WPI does indeed drop, as estimated, then it will be the 16th consecutive month of a decline.  

The worry is hardening of cereal prices MoM in the wholesale market, which could result in subsequent hardening in food inflation. In January cereals inflation declined to 1.24 percent MoM from 1.63 percent.

Overall slump in international commodity prices has led to deflation in WPI. For example IMF's commodity price index has averaged 6 percent lower on year-on-year (YoY) basis and was down 6.5 percent in February. Fuel inflation in January was at -9.21 percent versus -9.15 percent MoM.

Watch video for more...

Buy, Hold, Sell ? Hear it first on M3
Feb CPI, WPI seen easing off a bit aided by food

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login