India's WPI Index For June Declines To 7.25 Percent; Food Price Index Continues Its Double Digit Increase

By International Business Times,  July 16, 2012, 05:32:39 AM EDT

India's wholesale price index ( WPI ) rose slower than the expected rate of 7.25 percent on a year-on-year basis, contrary to the analysts' expectations, triggering hopes for rate cuts from the Reserve Bank of India.

The WPI data released by the Government Monday shows that inflation decreased to 7.25 percent in June from 7.55 percent in May, the highest level in 2012. Analysts polled by Reuters had expected an annual increase of 7.62 percent.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: WPI



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