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New Delhi: Wholesale inflation shot up to a 30-month high of 5.25 per cent in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated.
The wholesale price index (WPI) based inflation, reflecting the annual rate of price rise, in December stood at 3.39 per cent.
In January 2016, the print was (-)1.07 per cent.
The last comparable high level of WPI was witnessed in July 2014 at 5.41 per cent.
As per Commerce Ministry data, inflation in the ‘fuel and power’ basket more than doubled to 18.14 per cent in January, up from 8.65 per cent in the previous month.
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