Inflation slips to 4.39 pct,IIP down 2 pct

Inflation rose 4.39 per cent in 12 months to Jan 31,below previous week's rise of 5.07 per cent.

Written by Reuters | New Delhi | Published: February 12, 2009 12:08:14 pm

India’s wholesale price index rose 4.39 per cent in the 12 months to Jan. 31,below the previous week’s annual rise of 5.07 per cent,government data showed on Thursday.

It was just below a median forecast in a Reuters poll of analysts of 4.43 per cent.

The annual inflation rate was 4.74 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 released weekly.

India’s Dec industrial output down 2 pct

India’s industrial output fell 2.0 per cent in December from a year earlier,below the previous month’s revised 1.7 per cent rise,data showed on Thursday.

The figure was below a forecast for an annual rise of 1.3 per cent in a Reuters poll of economists.

Manufacturing production fell 2.5 per cent in December from a year earlier.

Industrial output rose 8.1 per cent in the 2007/08 (April-March) fiscal year,compared with 11.6 per cent in 2006/07.

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