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This is an archive article published on October 8, 2009

Inflation eases to 0.7 pct Sept 26

Inflation rose 0.7 pct in the 12 months to Sept. 26,lower that previous week's 0.83 pct.

The wholesale price index rose 0.7 per cent in the 12 months to Sept. 26,lower that previous week8217;s annual rise of 0.83 per cent,government data showed on Thursday.

It compared with a median forecast of a 0.99 per cent rise in a Reuters poll.

The annual inflation rate was 12.08 per cent during the corresponding week of 2008.

Private sector economists have said inflation could reach as high as 8 per cent by the end of March.

A policy adviser said on Monday inflation could be around the comfort level of 5 per cent by the end on 2009/10 with easing of speculative pressures on food prices.

 

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