New Delhi: India's wholesale price index rose 0.7 per cent in the 12 months to September 26, lower that previous week's annual rise of 0.83 per cent, government data showed on Thursday.
It compared with a median forecast of a 0.99 per cent rise in a Reuters poll.
The annual inflation rate was 12.08 per cent during the corresponding week of 2008.
Private sector economists have said inflation could reach as high as 8 per cent by the end of March.
A policy adviser said on Monday inflation could be around the comfort level of 5 per cent by the end on 2009/10 with easing of speculative pressures on food prices.
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 released weekly.
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