India’s wholesale price index rose 8.4 % in the 12 months to 22 November, below the previous week’s annual rise of 8.84%, government data showed on Thursday.
The rate was also below a median forecast of 8.91% in a Reuters poll of analysts.
The annual inflation rate was 3.11% during the corresponding week of the previous year.
The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly.
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