NEW DELHI, July 2 (Reuters) - India's wholesale price index fell 1.3 percent in the 12 months to June 20, compared with the previous week's annual decline of 1.14 percent, government data showed on Thursday.
The fall was marginally smaller than a median forecast of a 1.35 percent fall, according to a Reuters poll.
The annual inflation rate was 11.91 percent during the corresponding week of 2008.
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.
(Reporting by Rajkumar Ray; Editing by Ramya Venugopal)
((rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)) Keywords: INDIA ECONOMY/WPI (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The fall was marginally smaller than a median forecast of a 1.35 percent fall, according to a Reuters poll.
The annual inflation rate was 11.91 percent during the corresponding week of 2008.
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.
(Reporting by Rajkumar Ray; Editing by Ramya Venugopal)
((rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)) Keywords: INDIA ECONOMY/WPI (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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