India's wholesale price index rose 4.05 per cent in the 12 months to August 4, lower than the previous week's 4.45 per cent due to a fall in food and manufactured product prices, government data showed on Friday.
The rate was lower than a median forecast of 4.30 per cent in a Reuters poll of analysts.
The annual inflation rate was 5.08 per cent during the corresponding week of the previous year.
The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is published weekly.
Courtesy : Expressindia.com
The rate was lower than a median forecast of 4.30 per cent in a Reuters poll of analysts.
The annual inflation rate was 5.08 per cent during the corresponding week of the previous year.
The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is published weekly.
Courtesy : Expressindia.com