Even as retail inflation picked up, wholesale inflation slipped in April on cheaper fuel and manufactured items official data showed Tuesday. Wholesale price-based inflation stood down at 3.07 per cent last month as against
Although a deflation in manufactured and fuel products narrowed in February, compared with the previous month, a fall in primary food inflation helped keep the WPI inflation almost the the January level.
Wholesale price inflation touched -0.73 per cent in December--retreating from -1.99 per cent recorded in the previous month but still remaining in the negative zone for 14 months in a row--mainly on a rise in food prices.
Deflationary trend continued for the 10th month in a row with inflation plunging to a historic low of (-)4.95 per cent in August on cheaper fuel and vegetables, putting pressure on RBI to cut interest rate.