Inflation Rate Rises by 0.26 Percent
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.
- Previous Article Reserve Bank of India Cuts Rates By 25 Points
- Next Article India Cuts Tax Relief on Commercial Rentals