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India wholesale price inflation accelerates less than expected

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Staff Writer | September 14, 2016
India's wholesale price inflation rose less-than-expected in August, official data showed.
India wholesale price
Asia   Manufactured products figure climbed to 2.42 percent
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.