India's wholesale prices up 1.62 percent y/y in June

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Reuters NEW DELHI
Last Updated : Jul 14 2016 | 12:28 PM IST

NEW DELHI (Reuters) - India's wholesale prices rose at a faster-than-expected pace in June, gaining 1.62 percent from a year earlier on higher food prices, government data showed on Thursday.

The data compared with a 1.19 percent annual rise forecast by economists in a Reuters poll. In May, prices rose a provisional 0.79 percent.

Wholesale food prices last month rose 8.18 percent year-on-year, compared with a provisional 7.88 percent gain in May.

(Reporting by Rajesh Kumar Singh; Editing by Gopakumar Warrier)

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First Published: Jul 14 2016 | 12:16 PM IST

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