Inflation at 4.06% in week to Mar 18

India's wholesale price index rose 4.06 per cent in the 12 months to March 18, slowing from 4.28 per cent a week earlier.

India's wholesale price index rose 4.06 per cent in the 12 months to March 18, slowing from 4.28 per cent a week earlier, due to lower prices of poultry and tea, the government said on Friday.

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The rate was below a Reuters survey forecast of 4.2 percent. The inflation rate was 5.45 per cent during the corresponding week of the previous year.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it has a higher number of products in its basket and is published weekly.