 "Inflation")
Like its consumer price counterpart, the wholesale price inflation rate fell to a three-month low of 2.26 per cent in February, against 3.1 per cent in the previous month, due to fall in the prices of food items, petrol, and diesel.
The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period.
The wholesale price index- (WPI-) based inflation rate in manufactured items inched up but economists believe it would fall in the coming months due to the impact on demand from coronavirus. Also, if one takes out processed food items, there continued to be deflation in the remaining manufactured
