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Inflation dips to 3.03%

Inflation dips to 3.03%
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First Published: Thu, Mar 05 2009. 11 58 AM IST
Updated: Thu, Mar 05 2009. 11 58 AM IST
New Delhi: India’s wholesale price index rose 3.03% in the 12 months to 21 February, below the previous week’s annual rise of 3.36%, government data showed on Thursday.
It matched a median forecast in a Reuters poll of analysts.
The annual inflation rate was 5.69% 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 released weekly.
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First Published: Thu, Mar 05 2009. 11 58 AM IST
More Topics: Inflation | WPI | Growth | RBI | Rate cuts |