Inflation accelerates to 7.55 pct in May

INDIA-ECONOMY-INFLATION:Inflation accelerates to 7.55 pct in May

June 14, 2012 / 12:12 IST

NEW DELHI (Reuters) - India's wholesale price index (WPI) rose 7.55 percent in May from a year earlier, driven by double-digit rises in food and fuel prices, government data showed on Thursday.
Analysts on average had expected an annual rise of 7.60 percent, a Reuters poll showed. Wholesale prices rose 7.23 percent in April.
The annual reading for March was upwardly revised to 7.69 percent from 6.89 percent, the government said in the release.
(Reporting by Rajesh Kumar Singh)

first published: Jun 14, 2012 12:12 pm

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