February CPI spikes to 14.86 pct

India’s consumer price index (CPI) rose 14.86 per cent in February from a year earlier,lower than January’s annual rise of 16.22 per cent,government data showed on Wednesday.

The consumer price index for industrial workers decreased by 2 points to 170 in February.

India’s annual wholesale inflation rose to 9.89 per cent in February,compared with 8.56 per cent rise in January and 3.50 per cent a year ago.

The wholesale price inflation is more closely watched in India because it covers a higher number of products.