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India Wholesale Price Inflation Slows In April

India's wholesale price inflation slowed in April after rising in the previous month, data from the Ministry of Commerce & Industry showed on Tuesday.

The wholesale price index climbed 3.07 percent year-on-year in April, after a 3.18 percent rise in March. Economists had expected a 3.0 percent increase.

Build up inflation rate in the financial year so far was 0.75 percent compared to a build up rate of 0.86 percent in the corresponding period of the previous year.

The index for food articles and non-food articles group rose by 3.4 percent and by 2.6 percent, respectively in April.

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