India Inflation Exceeding Estimates Adds Rate-Rise Pressure
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India’s wholesale inflation was faster than economists estimated in November, reaching a 14-month high and adding pressure for a further increase in the benchmark interest rate this week to quell price pressures.
The wholesale-price index rose 7.52 percent from a year earlier, compared with 7 percent in October, the Commerce Ministry said in New Delhi today. The median estimate in a Bloomberg News survey of 37 analysts was 7 percent.