Inflation at 8.98%

Country's wholesale price index rose an annual 8.98% in March on higher fuel and manufactured product prices, government data showed today.

Country's wholesale price index (WPI) rose an annual 8.98% in March on higher fuel and manufactured product prices, government data showed on Friday.

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The figure was above the median forecast for an 8.36% rise in a Reuters poll and was higher than the annual rise of 8.31% in February.

The annual reading for January was upwardly revised to 9.35% from 8.23%.

The WPI is more closely watched than the consumer price index (CPI) in India as it covers a higher number of products.