New Delhi: India’s wholesale price index rose 8.98% in the 12 months to 1 November, sharply below the previous week’s annual rise of 10.72%, government data showed on Thursday.
The rate was well below a median forecast of 10.37% in a Reuters poll of analysts.
Inflation for the week ended 6 September was revised up to 12.42% from 12.14%.
The annual inflation rate was 3.35% 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 released weekly.