May 14, 2018 / 6:55 AM / 2 months ago

India's WPI inflation accelerates to 3.18 percent in April

NEW DELHI (Reuters) - India’s annual wholesale price inflation accelerated in April, helped by higher fuel and food product prices, government data showed on Monday.

A vendor loads tomatoes in a bag for a customer at a wholesale vegetable market in Mumbai, March 14, 2018. REUTERS/Danish Siddiqui/Files

Annual wholesale price inflation last month rose to 3.18 percent from a year earlier, higher than a 2.47 percent rise in March, and an increase of 2.86 percent forecast by economists in a Reuters poll.

Wholesale food prices in April rose 0.67 percent year-on-year, compared with a fall of 0.07 percent a month earlier, data showed.

Reporting by Manoj Kumar, Editing by Sherry Jacob-Phillips

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