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Indian annual inflation at 11.80 pct on Sept 27

Posted by Yogesh on Friday, 10 October, 2008

NEW DELHI, Oct 10 (Reuters) – India’s wholesale price index rose 11.80 percent in the 12 months to Sept. 27, below the previous week’s annual rise of 11.99 percent, government data showed on Friday. The rate was below a median forecast of 11.98 percent in a Reuters poll of analysts. Inflation for the week ended Aug. 2 was revised up to 12.91 percent from 12.44 percent. The annual inflation rate was 3.36 percent 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 released weekly. Source CNBC.com

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