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