India's wholesale price index rose 3.96 per cent in the 12 months to May 6, higher than 3.59 per cent a week earlier, due to higher food and energy prices, the government said on Friday.
The rate was above a poll forecast of 3.70 per cent. The inflation rate was at 5.67 per cent during the corresponding week of the previous year.
Key points:
- Index for food articles rose 0.2 per cent to 198.6 from 198.2 due to higher prices of pulses, coarse cereals, fruit, vegetables and milk.
- Index for manufactured products rose 0.2 per cent to 174.3 from 173.9 due to an increase in sugar, paper, metal and chemical product prices.
- Index for fuel, power, light and lubricants rose 0.9 per cent to 319.7 from 316.8 due to higher prices of lubricants, aviation turbine fuel, naphtha, furnace oil and bitumen.
- The annual inflation reading for the week ended March 11 was revised to 3.80 percent from 4.28 per cent.