NEW DELHI: India's wholesale price index (WPI) rose an annual 8.31 per cent in February on higher fuel and manufactured product prices, government data showed on Monday.
The figure was well above the median forecast for a 7.79-per cent rise in a Reuters poll and was higher than the annual rise of 8.23 per cent in January.
The annual reading for December was upwardly revised to 9.41 per cent from 8.43 per cent.
The WPI is more closely watched than the consumer price index (CPI) in India as it covers a higher number of products.
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The figure was well above the median forecast for a 7.79-per cent rise in a Reuters poll and was higher than the annual rise of 8.23 per cent in January.
The annual reading for December was upwardly revised to 9.41 per cent from 8.43 per cent.
The WPI is more closely watched than the consumer price index (CPI) in India as it covers a higher number of products.
toi
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