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India's February wholesale inflation eases for third straight month

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India's annual wholesale price inflation eased for the third straight month in February after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Wednesday.The Reserve Bank of India (RBI), which has kept rates steady since a 25 basis-point cut in August, is widely expected to keep them unchanged at its next policy review on April 5. Annual wholesale price inflation last month slowed to 2.48 percent, from a provisional 2.84 percent rise in January.The latest inflation number was in line with a ...

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First Published: Wed, March 14 2018. 13:13 IST