India's overall inflation drops to -2.06 percent in February

India's overall inflation, measured by the Wholesale Price Index (WPI), drops to -2.06% in February compared to -0.39% in January due to drop in fuel products. This is the fourth consecutive time, wholesale price index remained in the negative zone. Wholesale inflation stood at 5.03% in February last year.


Inflation in food articles stood at 7.74% in the same month while the rate of inflation for fuel dropped further to (-) 14.72% in February compared to (-) 10.69% in January due to continuous drop in crude oil price. Also the rate of inflation for manufactured products dropped to 0.33% in February from 1.05% in the previous month.