Annual inflation at 3.07 per cent on October 6
Data shows that India's WPI rises 3.07 per cent in the 12 months to October 6, lower than the previous week's 3.26 per cent rise.business Updated: Oct 19, 2007 13:54 IST
India's wholesale price index rose 3.07 per cent in the 12 months to October 6, lower than the previous week's 3.26 per cent rise, government data showed on Friday.
It was the lowest annual rise since October 19, 2002, when the index rose 3.01 per cent, government data showed.
The rate was also lower than a median forecast of 3.36 per cent in a Reuters poll of analysts.
The annual inflation rate was 5.36 per cent 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 published weekly.
First Published: Oct 19, 2007 13:47 IST