India Wholesale Price Inflation Rises

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India's wholesale price index or WPI increased 0.92% as on Oct. 3, faster than the 0.70% growth in the previous week, the Ministry of Commerce and Industry said on Thursday. Economists expected an increase of 1.46%. A year ago, the rate of inflation was 11.49% in the corresponding week.

Indian economy is expected to grow in the range of 6% to 6.5% in the current financial year and forecasts inflation to reach around 6% by the end of the fiscal, chairman of the Prime Minister's Economic Advisory Council C. Rangarajan told reporters on Wednesday.

India's wholesale price index or WPI increased 0.92% as on Oct. 3, faster than the 0.70% growth in the previous week, the Ministry of Commerce and Industry said on Thursday. Economists expected an increase of 1.46%. A year ago, the rate of inflation was 11.49% in the corresponding week. (Market News Provided by RTTNews)