Thu Sep 14 2017
Rajesh Sharma (2003 articles)

WPI inflation hits four-month high in August

NEW DELHI (Reuters) – India’s wholesale price inflation rose to 3.24 percent from a year ago, its fastest pace in four months, driven by higher prices of food and fuel products, data showed.

The rise compares with a 3.0 percent increase forecast by economists in a Reuters poll and a provisional 1.88 percent rise in July.

Wholesale food prices in August rose 4.41 percent on year, compared with a 2.12 percent rise a month earlier, government data showed on Thursday.

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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