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| Edited By: |Source: Reuters |Updated: Mar 17, 2018, 02:34 AM IST
The wholesale price index rose 7.31% in December from a year earlier, driven by higher food prices, government data showed on Thursday.
It matched a median forecast of a 7.31% rise in a Reuters poll and was higher than previous month's annual rise of 4.78%.
In its October policy review, the central bank raised its WPI inflation projection for end-March 2010 to 6.5%, with an upside bias, from 5% earlier.
The wholesale price index is more closely watched than the consumer price index because it covers a higher number of products.
