According to a data released by the government, the WPI index for the month of February hit a 39 month high of 6.55% year-on-year, against a Reuters poll forecast of 5.90%. However, the index read 5.25% in January, making it the fastest pace in two-and-a-half years. Further, the food prices witnessed a sharp rise by 2.69% in February as compared to a deceleration by 0.56% in the previous month.