The Finance Ministry today said decline in February 2016 inflation numbers (WPI and CPI inflation) is on expeccted 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 per cent in February, lower than 5.69 per cent in January.
WPI-based inflation also declined for the month. It was (-)0.91 per cent, led by tumbling oil prices, according to data released by Ministry of Commerce and Industry. It was (-)0.9 per cent in January.
Consumer food prices rose by a lower 5.3 per cent in February, as opposed to 6.85 per cent increase in January. Fruit prices dipped 0.7 per cent, while prices of pulses rose about 38 per cent.
