Inflation at 4.08% in the year to Feb 4
India's wholesale prices rose 4.08 per cent on an annual basis in the week ended Feb 4.india Updated: Feb 17, 2006 12:50 IST
India's wholesale prices rose 4.08 per cent on an annual basis in the week ended Feb 4, lower than the previous week's level of 4.30 per cent, due to a decline in food and edible oil prices, data showed on Friday.
The rate was lower than a poll which forecast wholesale price inflation at 4.35 per cent. The rate was at 4.96 per cent during the corresponding week of 2005.
The WPI is more closely watched than the consumer price index because it has a higher number of products in its basket and is published weekly. CPI is published monthly.