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India Wholesale Price Inflation At 4-Month High

India's wholesale price inflation accelerated to the highest level in four months in August, data from the Ministry of Commerce & Industry showed Thursday.

Wholesale prices climbed 3.24 percent year-over-year in August, faster than the 1.88 percent rise in July. That was almost in line with the 3.20 percent increase economists had forecast.

Moreover, the latest WPI inflation was the strongest since April, when prices had grown 3.86 percent.

Build up inflation rate in the financial year so far was 1.41 percent compared to a build up rate of 3.25 percent in the corresponding period of the previous year.

Prices of primary articles grew 2.66 percent annually in August and those of food articles gained by 5.75 percent.

Official data released earlier this week showed that consumer price inflation accelerated further to 3.36 percent in August from 2.36 percent in the prior month.

by RTT Staff Writer

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