With inflation showing no signs of moderation, it is widely expected that the Reserve Bank of India will raise key policy rates at its quarterly monetary policy review on March 17.
It may be recalled that food inflation, which accounts for over 14 per cent of overall wholesale price index inflation, stood at 10.65 per cent in February.
As per the WPI data, the prices of primary articles -- food, non-food articles and minerals -- shot up by 14.79 per cent on an annual basis, official data released here showed. However, prices of certain food items declined on a year-on-year basis.
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A worker climbs on a pile of rice stock inside a warehouse in Bicutan, south of Manila, the Philippines.
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