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Inflation at 0.48% on 2 May

Inflation at 0.48% on 2 May
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First Published: Thu, May 14 2009. 12 02 PM IST
Updated: Thu, May 14 2009. 12 02 PM IST
New Delhi: India’s wholesale price index rose 0.48% in the 12 months to 2 May, below the previous week’s annual rise of 0.70%, government data showed on Thursday.
It was above a median forecast of 0.3% in a Reuters poll of analysts.
The annual inflation rate was 8.73% 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, May 14 2009. 12 02 PM IST
More Topics: Inflation | WPI | Growth | GDP | CPI |