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Asian Economic News

India Wholesale Inflation Accelerates Unexpectedly

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's wholesale price inflation accelerated unexpectedly in August, after slowing in the previous month, preliminary data from the Ministry of Commerce & Industry showed Tuesday.

The wholesale price index rose 11.39 percent year-on-year following an 11.16 percent increase in July. Economists had forecast 10.75 percent inflation.

The food index rose 3.43 percent annually in August following a 4.46 percent climb in the previous month.

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