FX.co ★ India's WPI Fuel Plummets to -1.59% in February 2024

India experienced a significant drop in its Wholesale Price Index (WPI) for fuel in February 2024, with the indicator reaching -1.59%. This marks a stark contrast from the previous month of January 2024 when the WPI for fuel stood at -0.51%. The data, which was updated on 14 March 2024, shows a clear decline in fuel prices over the comparative year-over-year period. The Year-over-Year analysis indicates that the current WPI for fuel in February 2024 is lower compared to the same month a year ago, reflecting a downward trend in fuel prices in India.