According to a survey, India's wholesale price index (WPI) probably rose 9.62% in February from a year earlier. Forecast from 21 economists ranged from 9.01%  to 10.11%. The index had risen  8.56% in January from a year earlier.

Factors: There could be upward revisions to the monthly food price index and the cost-driven inflationary trend in manufacturing prices. If the data suggest that food prices are not cooling off as expected, then the fuel price increase that took effect late last month could push headline WPI inflation sharply higher in the months ahead.

Impact: A faster rise in prices could lead to  a larger increase in policy rates by the RBI at its April policy review.  The RBI  is widely expected to raise both its benchmark lending and borrowing rates by at least 25 bps each to 5.00%  and 3.50%, respectively.