July 16, 2012 / 6:43 AM / 5 years ago

June core inflation seen at 4.85 pct, unchanged from May

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.

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

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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