Annual inflation at 11.80% on 27 Sept

Annual inflation at 11.80% on 27 Sept

New Delhi: India’s wholesale price index rose 11.80% in the 12 months to 27 September, below the previous week’s annual rise of 11.99%, government data showed on Friday.

The rate was below a median forecast of 11.98% in a Reuters poll of analysts.

Inflation for the week ended 2 August was revised up to 12.91% from 12.44%.

The annual inflation rate was 3.36% 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.