India's inflation jumps to 10-month high on food price rise

NEW DELHI, Feb 16 (Reuters): India's wholesale prices rose 1.81 per cent year-on-year in January, the fastest pace in 10 months, as vegetable and basic metal prices picked up, government data showed on Monday.
Economists polled by Reuters had projected wholesale prices to rise 1.25 per cent year-on-year in January, after a 0.83 per cent rise a month prior. Wholesale price inflation was last higher in March 2025 at 2.25 per cent.
The higher cost of manufacturing basic metals, prices of food and textiles, among others, pushed up wholesale prices in January, the data showed.
A global rally in metal prices due to economic and political circumstances has raised the cost of manufacturing goods, Madan Sabnavis, chief economist at Bank of Baroda said.
The higher print will, however, not have a bearing on monetary policy, he added.