India's WPI Inflation at 4.39%

The WPI inflation for the week ended January 31 is at 4.39% against the bloomberg expectation of 4.4% versus 5.07% last week.

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 31st January, 2009 declined by 0.74 percent to 228.4 (Provisional) from 230.1 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 4.39 percent (Provisional) for the week ended 31/01/2009 (over 02/02/2008) as compared to 5.07 percent (Provisional) for the previous week (ended 24/01/2009) and 4.74 percent during the corresponding week (ended 02/02/2008) of the previous year.

The annual rate of inflation, calculated on point-to-point basis, for 'Primary Articles' stood at 9.09 percent (Provisional) for the week ended 31/01/2009 as compared to 9.02 percent (Provisional) in the previous week. It was 5.95 percent as on 02/02/2008 i.e. a year ago.

Source : Equity Bulls

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