WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel

Wholesale inflation rose to 4.17% in February as against 2.03% in the previous month

The wholesale price index (WPI)-based inflation rate rose to a 27-month high in February due to a broad-based hardening of prices of fuels, food items, and manufactured goods. However, diesel, which indirectly impacts prices of other items, continued to see deflation (a fall in prices), in February, albeit at a much lower rate than witnessed in the previous months.
 
WPI inflation surged to 4.17 per cent in February compared with 2.03 per cent in the previous month, the data released by the ministry of commerce and industry showed on Monday.
 
This, together with a three-month high retail price