Apr. 23 – India’s Ministry of Commerce and Industry reported that inflation rate increased by 0.26 percent in the week ended April 11.
A week earlier inflation rate rose by 0.18 percent a week earlier. Based on five analysts asked by Dow Jones Newswires, on the other hand, inflation rate was above the 0.13 percent median estimate.
During the same period, the wholesale price index was 0.3 percent higher at 228.8 from 228.2 in the previous week. The index is a more accurate indicator of inflation because it includes more products in its computation and is released weekly.
By March next year, the central bank expects inflation reach 4 percent. The commerce ministry lowered the inflation rate for the week ended Feb. 14 to 3.18 percent from the provisional 3.36 pecent, reports Dow Jones.
About Us
India Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Delhi, Mumbai, and Bengaluru in India. Dezan Shira & Associates is part of the Ascentium Group, a global business services platform with over 2,900 professionals across 58 cities in 27 markets, strengthening the firm's on-the-ground ability to support clients across Asia and globally.
For a complimentary subscription to India Briefing's content products, please click here. For support with establishing a business in India or for assistance in analyzing and entering markets, please contact the firm at india@dezshira.com or visit our website at www.dezshira.com.
Get the setup decisions right the first time.
Our India corporate team offers a fully integrated establishment solution.
