March 14, 2018 / 6:41 AM / 4 days ago

India's WPI inflation eases to 2.48 pct y/y in Feb- govt

NEW DELHI, March 14 (Reuters) - India’s annual wholesale price inflation eased in February for the third straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Wednesday.

Annual wholesale price inflation last month slowed to 2.48 percent from a year earlier, from a provisional 2.84 percent rise in January.

The latest inflation was in line with a 2.50 percent increase forecast by economists in a Reuters poll.

Wholesale food prices in February rose 0.07 percent year-on-year, compared with a 1.65 percent rise a month earlier, the data showed. (Reporting by Manoj Kumar; Editing by Malini Menon)

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