After the Consumer Price Inflation clocked in at a 3-month high the Wholesale Price Inflation is adding to the price rise concerns surging to 4.17% in February making it a 27 month high for the Index.
Inflation (WPI) on the rise-:
Food Inflation has seen a sharp rise to 3.31% in February vs -0.26% in January. Pulses and onion prices have seen steep increase in prices.
Fuel and power index added to the pressure as expected with rising crude prices coming in higher.