Business
Wholesale price inflation was 5.25% in January.
Updated : Mar 24, 2018, 02:15 AM IST
February wholesale price inflation (WPI) rose sharply to 6.55% on Tuesday, from 5.25% the previous month.
Annual rate of inflation, based on monthly WPI, stood at 6.55% for February, 2017 as compared to 5.25% for previous month.
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January experienced the fastest pace in WPI in the last two-and-a-half years. Last month, wholesale food prices rose 2.69% year-on-year, compared to a a deceleration by 0.56% the previous month.
Wholesale prices shot up to 39-month high because of costlier food and fuel items. This was primarily because of sharp rise in rates of cereals, rice and fruits.
The fuel basket also surged by 21.02% from 18.14% in January. The government also revised December inflation rate to 3.68% from the previous provisional reporting of 3.39%.
The Wholesale Price Index based inflation reflects the annual rate of price rise.
(With PTI inputs)