When will the worm die down?

India’s wholesale price index rose 7.61 per cent in the 12 months to April 26, marginally higher than previous week’s annual rise of 7.57 per cent, government data showed on Friday. The rate matched a median forecast of 7.61 per cent in a poll of analysts.

It was the highest since an annual reading of 7.68 per cent on Nov. 13, 2004. The annual inflation rate was 6.01 per cent during the corresponding week of the previous year.