Wholesale Prices Fall For 16th Straight Month In February B


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 per cent annual decline forecast by economists in a Reuters poll. In January, the index fell a provisional 0.90 per cent.

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

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