India's annual inflation, based on the monthly wholesale price index, increased in August, and exceeded economists' forecast, preliminary data released by the Central Statistics Office showed Friday.
The wholesale price index increased 7.55 percent on an annual basis in August, faster than the 6.87 percent growth seen in July. Economists were looking for a 7.1 percent increase.
Prices of primary articles rose 10.08 percent annually, with prices of food articles gaining 9.14 percent. Prices of non-food products were higher by 13.75 percent compared to last year, and fuel and energy prices by 8.32 percent.
Month-on-month, the wholesale price index moved up 1.09 percent in August, the agency said.
by RTT Staff Writer
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