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India's annual inflation remained unchanged in the year to October 16 despite lower food and edible oil prices, but analysts said high global oil prices could push it back to three-and-a-half year highs hit in August.
The closely tracked wholesale price inflation was at last week's level of 7.10 percent in the year to October 16, government data showed on Friday. The rate was slightly higher than the median estimate of 7.08 percent in a Reuters poll.
Wholesale price inflation has hovered above 7 percent for nearly three months, compared with 4.32 percent in April. The rate has eased after reaching a three-and-a-half year high of over 8 percent at the end of August.
The statement said wholesale inflation for the week ended Aug. 21 was being revised to 8.46 percent from the earlier 8.17 percent.

Copyright Reuters, 2004

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