Wednesday, 15 June 2016

India's wholesale prices up 0.79 percent year-on-year in May

India's wholesale prices rose a faster-than-expected 0.79 percent in May from a year earlier, mainly driven by higher food prices, government data showed on Tuesday. The data compared with a 0.42 percent annual rise forecast by economists in a Reuters poll. In April, prices rose a provisional 0.34 percent, their first gain in 18 months.Wholesale food prices last month rose 7.88 percent year-on-
year, compared with a provisional 4.23 percent gain in April.

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