India Wholesale Inflation Eases to 9-Month Low in February
This article is for subscribers only.
Indian wholesale-price inflation eased to a nine-month low in February as higher borrowing costs helped damp price pressures, suggesting official interest rates will be maintained at their current level next month.
The wholesale-price index rose 4.68 percent from a year earlier, compared with 5.05 percent in January, the Commerce Ministry said in New Delhi today. That was below the median estimate in a Bloomberg News survey of 45 analysts for a 4.9 percent increase.