India's Inflation at 5.91% for week ending December 27, 2008

The annual rate of inflation, calculated on point to point basis, stood at 5.91 percent (Provisional) for the week ended 27/12/2008 (over 29/12/2007) as compared to 6.38 percent (Provisional) for the previous week (ended 20/12/2008) and 3.83 percent during the corresponding week (ended 29/12/2007) of the previous year.

The WPI for the week ended Dec 27, 2008 declines by 0.3 percent.

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 27th December, 2008 declined by 0.3 percent to 229.5 (Provisional) from 230.2 (Provisional) for the previous week.

The annual rate of inflation, calculated on point-to-point basis, for 'Primary Articles' stood at 11.59 percent (Provisional) for the week ended 27/12/2008 as compared to 12.07 percent (Provisional) in the previous week. It was 3.74 percent as on 29/12/2007 i.e. a year ago.

The annual rate of inflation for 'Food Articles' stood at 9.95 percent (Provisional) for the week ended 27/12/2008 as compared to 10.52 percent (Provisional) in the previous week. It was 1.77 percent as on 29/12/2007 i.e. a year ago.

Source : Equity Bulls

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