New Delhi: The wholesale price index rose 7.61% in the 12 months to 26 April, marginally higher than previous week’s annual rise of 7.57%, government data showed on 9 May.
The rate matched a median forecast of 7.61% in a Reuters poll of analysts. It was the highest since an annual reading of 7.68% on 13 November 2004.
The annual inflation rate was 6.01% 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.