Inflation marginally up at 4.51%

The wholesale price index rose 4.51% on an annual basis in the week ended Jan 21 higher than the previous week's level of 4.4%.

India's wholesale price index rose 4.51 per cent on an annual basis in the week ended Jan 21 higher than the previous week's level of 4.4 per cent, due to a rise in manufactured product prices, data showed on Friday.

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The rate was lower than a Reuters poll which forecast wholesale price inflation at 4.57 per cent. The rate was at 5.43 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.