Inflation at 4.30% to Jan 28

India's wholesale prices rose 4.30% on an annual basis in the week ended Jan 28.

India's wholesale prices rose 4.30 per cent on an annual basis in the week ended January 28, lower than the previous week's level of 4.51 per cent, due to a decline in manufactured products and some food prices, data showed on Friday.

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The rate was lower than a poll which forecast wholesale price inflation at 4.67 per cent. The rate was at 5.14 per cent during the corresponding week of 2005.

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