India''s Wholesale Prices Rise 0.20% YoY in February, Slower Than Expected

India's wholesale price index (WPI) for February increased by 0.20% year-on-year, marking a deceleration compared to January's 0.27% gain, according to government data. This figure fell short of economists' expectations of a 0.25% rise. The slower pace was attributed to a sharper decline in manufactured product prices (down 1.27%) and fuel and power prices (down 1.59%), while food prices rose by 4.09% year-on-year, compared to 3.79% in January. Prices of primary articles increased by 4.49%, up from 3.84% in the previous month. Retail inflation remained steady during the same period, as reported earlier this week.