"The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of February, 2015 declined by 1.4 percent to 175.8 (provisional) from 178.3 (provisional) for the previous month," read a government statement.

"Build up inflation rate in the financial year so far was -2.50% compared to a build up rate of 5.53% in the corresponding period of the previous year," it said.