News just in - Annual inflation at 3.94 pct on Aug 18

August 31, 2007

India's wholesale price index rose 3.94 percent in the 12 months to Aug. 18, lower than the previous week's 4.10 percent due to a decline in some manufactured product prices, government data showed on Friday.

The rate matched a median forecast of 3.94 percent in a Reuters poll of analysts. See related news at Inflation seen at 3.94%

It is the first time annual inflation has been below 4 percent since the end of April 2006.

The annual inflation rate was 5.12 percent during the corresponding week of the previous year.