India’s wholesale prices up 6.55 percent in February
Tue Mar 14 2017
Rajesh Sharma (2002 articles)

India’s wholesale prices up 6.55 percent in February

NEW DELHI 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.

 

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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