India's wholesale price inflation accelerated at a faster-than-expected pace in July, preliminary figures from the Ministry of Commerce and Industry showed Tuesday.
The wholesale price index rose 3.55 percent year-over-year in July, much faster than the 1.62 percent climb in June.
That was also above the 2.84 percent increase expected by economists. It was the fourth consecutive monthly rise.
Build up inflation rate in the financial year so far was 4.91 percent compared to a build up rate of 0.85 percent in the corresponding period of the previous year.
The wholesale price inflation for food articles quickened to 11.82 percent in July from 8.18 percent in the preceding month.
Similarly, prices of primary articles grew at a faster pace of 9.3 percent annually in July, following a 5.5 percent spike a month earlier.
On a monthly basis, wholesale prices went up 1.0 percent at the start of the third quarter.
Official data released last week showed that consumer price inflation accelerated further to 6.07 percent in July from 5.77 percent in June.
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