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India wholesale price inflation accelerates less than expected

Staff Writer |
India's wholesale price inflation rose less-than-expected in August, official data showed.

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Wholesale price inflation accelerated to 3.74 percent from 3.55 percent in July. Economists had forecast inflation of 4 percent. Primary article inflation slowed sharply to 7.47 percent from 9.38 percent.

Fuel and power inflation rose to 1.62 percent from minus 1 percent. Manufactured products figure climbed to 2.42 percent from 1.82 percent.

The build up inflation rate in the financial year so far was 4.45 percent versus 0.23 percent a year ago.

The inflation figure for June was revised to 2.12 percent from 1.62 percent.

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