Indian annual inflation at 3.65% on 8 December

Indian annual inflation at 3.65% on 8 December

New Delhi: India’s wholesale price index rose 3.65% in the 12 months to 8 December, below the previous week’s rise of 3.75%, government data showed on Thursday.

The rate was lower than a median forecast of 3.79% in a Reuters poll of analysts.

The annual inflation rate was 5.63% 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 published weekly.

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