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WPI soars to 39-month high of 6.55%, retail inflation rises to 3.65%

DNA Tuesday, 14 March 2017
WPI soars to 39-month high of 6.55%, retail inflation rises to 3.65%Wholesale inflation soared to a 39-month high of 6.55% in February and retail inflation inched up to 3.65% due to rise in food and fuel prices, justifying the RBI's move to hold rates in last policy meet.

However, the prices of vegetables and pulses remained subdued during the month, giving some relief to consumers, showed the...
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News video: UK shopping slowdown signals weaker growth

UK shopping slowdown signals weaker growth 01:22

There was mixed news for Britain’s economy as the Organisation for Economic Co-operation and Development revised up its forecast for UK growth for this year but was gloomier about next year. It believes rising inflation will mean British consumers will spend less and businesses will put investment...

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