May 23, 2008 / 6:35 AM / 10 years ago

Indian inflation at 7.82 pct on May 10

NEW DELHI, May 23 (Reuters) - India’s wholesale price index INWPI=ECI rose 7.82 percent in the 12 months to May 10, holding near the previous week’s annual rise of 7.83 percent, government data showed on Friday.

The rate was slightly above a median forecast of 7.77 percent in a Reuters poll of analysts.

Inflation for the week ended March 15 was revised sharply upwards to 8.02 percent from 6.68 percent.

The annual inflation rate was 5.62 percent during the corresponding week of the previous year.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is published weekly. (Reporting by Surojit Gupta, Editing by Mark Williams)

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