New Delhi: India’s wholesale price index rose 3.94% in the 12 months to 18 August, lower than the previous week’s 4.10% due to a decline in some manufactured product prices, government data showed on 31 August.
The rate matched a median forecast of 3.94% in a Reuters poll of analysts.
It was the first time annual inflation has been below 4% since the end of April 2006.
The annual inflation rate was 5.12% 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 published weekly.