The wholesale price index rose 6.12 per cent in the 12 months to January 6, higher than the previous week's annual rise of 5.58 per cent due to higher food and energy prices, data showed on Friday.
The figure was marginally higher than a forecast of 6.11 per cent in a Reuters poll of analysts and the highest in two years.
The annual inflation rate was 3.86 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 has a higher number of products in its basket and is published weekly
Courtesy : expressindia.com
The figure was marginally higher than a forecast of 6.11 per cent in a Reuters poll of analysts and the highest in two years.
The annual inflation rate was 3.86 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 has a higher number of products in its basket and is published weekly
Courtesy : expressindia.com