The wholesale price index (WPI) Inflation increased marginally to 10.72% for the week ended Oct. 25, 2008, as compared to 10.68% in the week before.The annual rate of inflation stood at 3.11% as on Oct. 27, 2007 i.e. a year ago. Index for Primary Articles group rose by 0.4% from the previous week.The index for Food Articles group rose by 0.4% from previous week`s level due to due to higher prices
The Inflation data will be released on thursdays at 5 in the evening instead of the usual Friday midnoon. Why this sudden change and what impact will this have on the markets, one wonders. Probably, the Government is against the idea of releasing the inflation numbers during market trading hours since the inflation numbers have caused [...]
NEW DELHI (AFP) - - India's annual rate of inflation has risen to 11.42 percent on the back of rising prices of food, fuel and manufactured goods, government data released Friday showed.
Inflation...
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What is Inflation?Simply, Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole.Inflation is defined as the change in the level of prices. This is the change in the price "shopping basket" of consumer goods for a country that the national statistics agency has sampled over time on a monthly/weekly basis.Opposite of inflation is def
AFP, NEW DELHISaturday, Jun 21, 2008India’s annual inflation rate accelerated to 11.05 percent, its highest level in 13 years, data showed yesterday, piling pressure on the government as general elections loom.Inflation jumped by more than two percentage points to hit 11.05 percent for the week ended on June 7 from 8.75 percent a week earlier, the official figures showed, stoking expectations of
Inflation based on the the wholesale price index rose 8.75% in the 12 months to 31 May 2008, above the previous week`s annual rise of 8.24%, government data released today, 13 June 2008, afternoon showed. The reading is highest since 10 February 2001, when it was 8.77%. Inflation for the week ended 5 April 2008 was revised upwards to 7.71% from 7.14%. The Reserve Bank of India on Wednesday, 11 Jun
Indian annual inflation rose to a 3-½ year high of 7.61 percent in late April, prompting the finance minister to pledge that the government would take more action to tame prices if needed. Wholesale inflation (WPI), the country's most closely followed measure of price trends, has more than doubled since November as India, like other countries globally, saw its import bill for oil and food prices
MUMBAI -Inflation in India has quickened to a five-month high, validating the central bank’s concerns and its decision to hold interest rates earlier this week.The wholesale price index stood at 3.93% for the week ended Jan. 19, up from 3.83% the week before, the Ministry of Commerce and Industry said in New Delhi Friday.
India’’s annual inflation rate rose to 6.46% as at March 03 2007, heading back towards two-year highs hit last month and raising the prospect of RBI to contain price pressures. The rise in the wholesale price index, which was higher than the previous week’’s annual increase of 6.10%, pushed up the yield on the 10-year federal bond at 8.03% as dealers worried about further policy tightening. Earlier this month, the RBI resumed selling market stabilization scheme bonds after a gap of more than 18 months, to absorb excess cash in the banking system.
