India's wholesale prices fall for 16th straight month in Feb | Reuters

NEW DELHI India's wholesale prices fell for a 16th straight month in February, declining an annual 0.91 percent, driven down by tumbling oil prices, government data showed on Monday.

The pace of fall was faster than a 0.27 percent annual decline forecast by economists in a Reuters poll. In January, the index fell a provisional 0.90 percent.

The wholesale fuel prices dropped 6.40 percent from a year ago in February, while prices of manufactured goods declined 0.58 percent year on year.

Food prices last month gained 3.35 percent year-on-year, compared with a provisional 6.02 percent gain in January.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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Published Date: Mar 14, 2016 06:31 pm | Updated Date: Mar 14, 2016 06:31 pm