India’s Inflation Falls

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12:47 GMT

Aug 2008

India’s Inflation Falls

(RTTNews) - India’s inflation, based on the wholesale price index falls to 12.40% during the week ended August 16 due to decrease in prices of fuel, power, light and lubricants, the Ministry of Commerce Industry said in a report Thursday. Inflation fell from 12.63% recorded during the week ended August 9. Economists had expected the wholesale price index to grow 12.82% for the week under review. During the corresponding week of the previous year, the rate of inflation stood at 3.99%.

At the same time, the ministry revised inflation figure for the week ended June 21 to 11.91% from 11.63% reported earlier.

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