BUSINESS

India's Wholesale Prices Rise By An Unexpected 6.5% In February

In Jan, they went up by 5.25%, the fastest in 2.5 years.

14/03/2017 12:36 PM IST | Updated 14/03/2017 1:47 PM IST
Rupak De Chowdhuri / Reuters

India's wholesale prices rose a more-than-expected 6.55 percent year-on-year in February, compared with a 0.85 percent fall a year ago, driven by fuel and food prices, government data showed on Tuesday.

The data compares with a 5.90 percent annual rise forecast by economists in a Reuters poll. In January, prices rose a provisional 5.25 percent, the fastest pace in two-and-a-half years.

Last month, wholesale food prices rose 2.69 percent year-on-year, compared with a provisional 0.56 percent fall in January.

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