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India’s wholesale price inflation at 6.55% in February

India's annual rate of inflation based on wholesale prices rose to 6.55 per cent in February 2017 from 5.25 per…

IANS | New Delhi | March 14, 2017 7:06 am

India’s wholesale price inflation at 6.55% in February

(Photo: Getty Images)

India's annual rate of inflation based on wholesale prices rose to 6.55 per cent in February 2017 from 5.25 per cent in the previous month, official data showed on Tuesday.

According to the Wholesale Price Index (WPI) data released by the Commerce and Industry Ministry, the annual inflation rate was (-)0.85 per cent in February 2016.

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# Opinion

Inflation pressures

Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.