Inflation down 1.21%

Inflation down 1.21%
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First Published: Thu, Jul 16 2009. 02 00 PM IST
Updated: Thu, Jul 16 2009. 02 00 PM IST
Mumbai: India’s wholesale price index fell 1.21% in the 12 months to 4 July, compared with the previous week’s annual decline of -1.55%, government data showed on Thursday.
The fall was smaller than a median forecast of 1.38% fall in a Reuters poll.
The annual inflation rate was 12.19% during the corresponding week of 2008.
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, Jul 16 2009. 02 00 PM IST