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India's wholesale price inflation accelerated for the second month in a row in March, data from the Ministry of Commerce & Industry showed on Monday.

Wholesale price inflation rose to a three-month high of 3.18 percent in March from 2.93 percent in February. Economists had expected a 3.23 percent rise.

Build up inflation rate in the financial year so far was 3.18 percent compared to a build up rate of 2.74 percent in the corresponding period of the previous year.

The index for primary article grew 0.4 percent annually in March and prices for food articles rose 0.9 percent.

On a monthly basis, wholesale prices rose 0.4 percent in March.