Business Standard

India's wholesale prices up 6.55 percent in February

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Reuters NEW DELHI

NEW DELHI (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.

(Reporting by Manoj Kumar; Editing by Randy Fabi and Malini Menon)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 14 2017 | 1:30 PM IST

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