March 14, 2017 / 6:42 AM / 5 months ago

India's wholesale prices up 6.55 percent in February

A woman looks at an item as she shops at a food superstore in Ahmedabad, India October 13, 2016.Amit Dave/File Photo

NEW DELHI (Reuters) - India's wholesale prices rose a more-than-expected 6.55 percent year-on-year in February, compared with a 0.85 percent fall a year ago, driven by fuel and food prices, government data showed on Tuesday.

The data compares with a 5.90 percent annual rise forecast by economists in a Reuters poll. In January, prices rose a provisional 5.25 percent, the fastest pace in two-and-a-half years.

Last month, wholesale food prices rose 2.69 percent year-on-year, compared with a provisional 0.56 percent fall in January.

Reporting by Manoj Kumar; Editing by Randy Fabi and Malini Menon

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