India's wholesale inflation in February rose to 2.38% year-on-year, from 2.31% in January on higher prices of some vegetables and fruits, government data released on Monday showed. The wholesale inflation,

Wholesale prices were unchanged in February, offering more evidence that inflation pressures eased somewhat early in the new year.

While the overall producer price index came in flat, prices for goods increased by 0.3% in February, while services costs declined by 0.2%. On an annual basis, the PPI increased by 3.2%, down from 3.7% a month earlier. The flat reading for February beat expectations of economists, who had forecast an increase of 0.3% for the month.