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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.
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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This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.