Annual inflation at 3.94% on Aug 18

Written by Reuters | New Delhi, August 31: | Updated: Aug 31 2007, 17:15pm hrs
India's wholesale price index rose 3.94 per cent in the 12 months to Aug. 18, lower than the previous week's 4.10 per cent due to a decline in some manufactured product prices, government data showed on Friday.

The rate matched a median forecast of 3.94 per cent in a poll of analysts.

It was the first time annual inflation has been below 4 per cent since the end of April 2006.

The annual inflation rate was 5.12 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 published weekly.