Inflation at the year's highest at 6.68%

Written by Reuters | New Delhi, March 28: | Updated: Mar 28 2008, 17:00pm hrs
India's wholesale price index rose 6.68 percent in the 12 months to March 15, surging from the previous week's rise of 5.92 percent, government data showed on Friday.

The rate was well above a median forecast of 5.96 percent in a Reuters poll of analysts, and is the highest reading since January 27, 2007, when inflation was 6.69 percent.

The annual inflation rate was 6.56 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.