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June core inflation seen at 4.85 pct, unchanged from May
July 16, 2012 / 6:43 AM / 5 years ago

June core inflation seen at 4.85 pct, unchanged from May

A worker carries a bucket filled with sorted potatoes inside the market yard of the Agriculture Product Marketing Committee (APMC) on the outskirts of Ahmedabad May 16, 2012. REUTERS/Amit Dave/Files

MUMBAI (Reuters) - India’s core wholesale price index rose an estimated 4.85 percent in June from a year earlier, according to five analysts surveyed by Reuters on Monday, leaving it unchanged from the levels in May.

Traders had previously said core WPI growth of 4.5 percent or below could raise expectations for a cut in interest rates at the Reserve Bank of India policy review on July 31.

Earlier, India said headline wholesale price index (WPI) rose a lower-than-expected 7.25 percent in June from a year earlier.

Reporting by Mumbai markets and policy teams; Editing by Anupama Dwivedi

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