Thursday, October 8, 2009

Annual inflation at 0.7 per cent on September 26

India's wholesale price index rose 0.7 per cent in the 12 months to September 26, lower that previous week's annual rise of 0.83 per cent, government data showed on Thursday.

It compared with a median forecast of a 0.99 per cent rise in a Reuters poll.

The annual inflation rate was 12.08 per cent during the corresponding week of 2008.

Private sector economists have said inflation could reach as high as 8 per cent by the end of March.

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