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Annual inflation at 11.63 pct on June 21

Fri Jul 4, 2008 12:00pm IST
 
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NEW DELHI (Reuters) - India's wholesale price index rose 11.63 percent in the 12 months to June 21, above the previous week's annual rise of 11.42 percent, government data showed on Friday.

The rate was above a median forecast of 11.44 percent in a Reuters poll of analysts.

Inflation for the week ended April 26 was revised upwards to 8.27 percent from 7.61 percent.

The annual inflation rate was 4.32 percent 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 published weekly.

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