 "covid vaccine")
WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel
The wholesale price index-based inflation doubled to a 27-month high in February, led by soaring fuel prices and an uptick in food prices. This effectively dims hopes for any policy rate reduction in the near term to spur economic growth amid the pandemic. Wholesale inflation rose to 4.17 per cent in February as against 2.03 per cent in the previous month, data released by the ministry of commerce and industry showed on Monday. Its retail price counterpart, consumer price index released on Friday, also saw inflation
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