India food inflation at 17.58 percent
NEW DELHI (Commodity Online): India's food inflation based on wholesale prices rose to 17.58 percent in the twelve months to February 13.
According to official figures by country's commerce ministry, primary articles price index was up 15.84 percent for the same period while fuel price index was up 9.89%.
The rise in the food price index was lower than an annual rise of 17.97 percent in the previous week.
Annual wholesale price inflation picked up to 8.56 percent in January, compared with 7.31 percent last December.
Climbing food and fuel costs along with a pickup in manufacturing prices are expected to push the headline inflation to 10 percent by March.
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