Wholesale inflation rises to over 3-year high of 6.55%
The Wholesale Price Index (WPI)-based inflation for the month of February expanded to a 39-month high of 6.55% year-on-year, according to data released on Tuesday. The index read 5.25% in January, the fastest pace in two-and-a-half years. Further, the food prices witnessed a sharp rise by 2.69% in February as compared to a deceleration by 0.56% in the previous month.