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News, Articles, Announcements, Reports related to Indian Economics and Corporate World

Indian annual inflation at 10.72 pct on Oct 25

Posted by Yogesh on Thursday, 6 November, 2008

NEW DELHI, Nov 6 (Reuters) – India’s wholesale price index rose 10.72 percent in the 12 months to Oct. 25, marginally above the previous week’s annual rise of 10.68 percent, government data showed on Thursday. The rate was also above a median forecast of 10.45 percent in a Reuters poll of analysts. Inflation for the week ended Aug. 30 was revised up to 12.38 percent from 12.10 percent. The annual inflation rate was 3.11 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.

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