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Last Updated Monday July 24 2017 02:05 AM IST

WPI inflation spikes to 6.55% in Feb on surge in food rates

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WPI inflation spikes to 6.55% in Feb on surge in food rates

New Delhi: Inflation based on wholesale prices shot up to 39-month high of 6.55 percent in February because of costlier food and fuel items.

The Wholesale Price Index based inflation, reflecting the annual rate of price rise, in January was at 5.25 percent.

According to the official data released Tuesday, food prices witnessed a sharp rise by 2.69 percent in February as compared to a deceleration by 0.56 percent in the previous month.

This was primarily because of sharp rise in rates of cereals, rice and fruits.

The fuel basket also surged by 21.02 percent from 18.14 percent in January.

The government also revised December inflation rate to 3.68 percent from the previous provisional reporting of 3.39 percent.

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