Inflation dips to 3.45 per cent on Dec 15

Written by Agencies | New Delhi, December 28: | Updated: Dec 28 2007, 17:08pm hrs
The wholesale price index rose 3.45 per cent in the 12 months to December 15, lower than the previous week's rise of 3.65 per cent, government data showed on Friday.

The rate was also lower than a median forecast of 3.69 per cent in a Reuters poll of analysts.

The annual inflation rate was 5.73 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.