Inflation dips to 12.1% for week ended Aug 30

Inflation dips to 12.1% for week ended Aug 30
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First Published: Thu, Sep 11 2008. 06 06 PM IST
Updated: Thu, Sep 11 2008. 06 06 PM IST
New Delhi: India’s wholesale price index rose 12.10% in the 12 months to August 30, below the previous week’s annual rise of 12.34%, government data showed on Thursday.
The rate was above a median forecast of 11.96% in a Reuters poll of analysts.
Inflation for the week ended July 5 was revised up to 12.19% from 11.91%.
The annual inflation rate was 3.72% 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: Thu, Sep 11 2008. 06 06 PM IST