India : Wholesale prices up 1.62 percent YoY in June
Thu Jul 14 2016
Rajesh Sharma (2002 articles)

India : Wholesale prices up 1.62 percent YoY in June

NEW DELHI : India’s wholesale prices rose at a faster-than-expected pace in June, gaining 1.62 percent from a year earlier on higher food prices, government data showed on Thursday.

The data compared with a 1.19 percent annual rise forecast by economists in a Reuters poll. In May, prices rose a provisional 0.79 percent.

Wholesale food prices last month rose 8.18 percent year-on-year, compared with a provisional 7.88 percent gain in May.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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