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Inflation breaks 4% barrier

Inflation breaks 4% barrier
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First Published: Fri, Aug 31 2007. 12 49 PM IST
Updated: Fri, Aug 31 2007. 12 49 PM IST
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.
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First Published: Fri, Aug 31 2007. 12 49 PM IST