India wholesale price inflation accelerates less than expected
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. ■