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India's wholesale prices fall 2.65 percent year-on-year in April - government
May 14, 2015 / 6:54 AM / 2 years ago

India's wholesale prices fall 2.65 percent year-on-year in April - government

NEW DELHI (Reuters) - India’s wholesale prices INWPI=ECI fell at a faster-than-expected annual rate of 2.65 percent in April, their sixth straight fall, mainly on the back of plunging oil prices, government data showed on Thursday.

The data compared with a 2.30 percent year-on-year fall forecast by economists in a Reuters poll and a provisional 2.33 percent annual decline in March.

Wholesale prices in January declined 2.17 percent year-on-year, a revised reading showed, compared with a 2.06 percent fall initially reported.

Reporting by Rajesh Kumar Singh; Editing by Malini Menon

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