According to the data released by the ministry of commerce and industry on Monday, the wholesale price index (WPI) inflation, more closely watched than the consumer price index (CPI), advanced 8.31% in the month of February versus 8.23% in January after prices of fuel and manufactured products went higher. The rise in the monthly inflation numbers was unexpected as economists and experts forecasted February inflation number to come at around 7.8% against the annual rise of 8.23% in January. Meanwhile, the ministry revised up December’s inflation figure to 9.41% from 8.43% reported initially.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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