WPI inflation negative for 16th straight month
According to data released by the government, the Wholesale Price Index (WPI)-based inflation remained negative for the 16th straight month in February as it contracted slightly to (-)0.91% year-on-year compared to (-)0.90% in January. Further, the food inflation for the month fell to 3.35% from 6.02% in January while the manufacturing inflation increased to (-)0.58% from (-)1.17%. 