Inflation slips to 8.84% from previous week’s 8.90%

Inflation slips to 8.84% from previous week’s 8.90%

New Delhi: India’s wholesale price index rose 8.84% in the 12 months to 15 November, a shade below the previous week’s annual rise of 8.90%, government data showed on Thursday.

The rate was above a median forecast of 8.56% in a Reuters poll of analysts. Inflation for the week ended 20 September was revised up to 12.13% from 11.99%.

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.

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