India's Wholesale Price Index (WPI) for Manufacturing recorded a decrease in inflation in February 2024 compared to the previous month. The latest data revealed that the WPI Manufacturing inflation rate reached -1.27%, which is lower than the -1.13% reported in January 2024. This marks a slowdown in inflation for the manufacturing sector in India.
The Year-over-Year comparison indicates that the current inflation rate for February 2024 is lower than the same month a year ago. The data update on 14 March 2024 highlights the latest figures, showing a marginal decrease in WPI Manufacturing inflation. This development suggests a potential easing of price pressures in the manufacturing industry, which could have implications for the overall economic outlook in India.
