Inflation to fluctuate for a while: Pranab

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Finance Minister Pranab Mukherjee said on Monday India’s headline inflation rate, based on the wholesale price index, is likely to fluctuate for a couple of months.

The wholesale price index, India’s main gauge of inflation, edged up a faster-than-expected 6.95 percent from a year earlier in February after a spike in vegetable prices fanned food inflation.

Wholesale prices had risen an annual 6.55 percent in January, the slowest in 26 months.

Reuters