Fri, May 16 12:33 PM
India's wholesale price index rose 7.83 per cent in the 12 months to May 3, higher than previous week's annual rise of 7.61 per cent, government data showed on Friday.
The rate was above a median forecast of 7.50 percent in a Reuters poll of analysts. It was the highest since an annual reading of 7.93 per cent on Nov 6, 2004.
The annual inflation rate was 5.74 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.
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