Last Updated :
14 May 2009 at 12:35 IST
India inflation falls back to 0.48 percent
Commodity Online
NEW DELHI : India’s inflation rate continued its southward journey after a short break and edged down to 0.48 percent for the week ended May 2.
According to figures from Commerce Ministry, country’s wholesale price index rose 0.48 percent in the 12 months to May 2, below the previous week's annual rise of 0.70 percent.
The annual inflation rate was 8.73 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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