Inflation goes north, spikes to 9.89 pct
Monday, March 15, 2010
India's wholesale price index rose 9.89 per cent in February from a year earlier, driven by higher food prices, government data showed on Monday.
It was higher than a median forecast of a 9.62 per cent rise in a Reuters poll and was higher than the previous month's annual rise of 8.56 per cent.
At its January policy review, the RBI raised its WPI inflation projection for end-March 2010 to 8.5 per cent.
Labels:
Business
