India’s February WPI inflation accelerates to 13.11% y/y

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Labourers load consumer goods onto supply trucks at wholesale market in Kolkata

NEW DELHI – India’s annual wholesale price-based inflation accelerated to 13.11% in February from the previous month’s 12.96%, government data showed on Monday.

February’s figure was higher than 12.10% forecast in a Reuters poll of analysts, amid higher fuel prices, which were up 31.50% on the year, versus 32.27% in January.

(Reporting by Manoj Kumar and Aftab Ahmed; Editing by Kim Coghill)