Inflation (Eco Watch)
Inflation (Eco Watch)
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Inflation based on the wholesale price index (WPI) stood at 3.79% for the week ended August 25 as against 3.94% for the previous week. The annual rate of inflation stood at 5.27% as on August 26 a year ago. Low prices on food products and manufactured products moved down the inflation. With Inflation below 4%, there are expectations that RBI may soften the monetary policy.
According to the provisional data provided today, the official wholesale price index for `All Commodities` for the week ended June 30 rose 0.14% to 212.8 from 212.5 for the previous week.
