India's wholesale price inflation eased at a faster-than-expected pace in March, after accelerating in the previous three months, preliminary data from the Ministry of Commerce & Industry showed Monday.
Wholesale prices rose 5.70 percent year-over-year in March, slower than the 6.55 percent climb in February, which was the highest inflation since November 2013. Economists had expected the inflation to moderate to 6.0 percent.
Build up inflation rate in the financial year so far was 5.70 percent compared to a build up rate of -0.45 percent in the corresponding period of the previous year.
Prices of primary articles grew 4.63 percent annually in March and those of food articles increased by 3.12 percent.
On a monthly basis, the wholesale price index edged down 0.1 percent in March.
Official data released last week showed that consumer price inflation accelerated to 3.81 percent in March from 3.65 percent in the previous month.
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