India Wholesale Price Index Rises 2.74% In Yr To Mar 4
Saturday, March 18 12:30 PM SGT
NEW DELHI (Dow Jones)--India's inflation as measured by the wholesale price index rose a provisional 2.74% in the year ended March 4, less than the 5.26% rise in the corresponding period last year, the government said Sunday. In the previous week, the index rose 2.14% in the year ended Feb 26.
The WPI is widely used as a proxy for inflation in India because the government reports on wholesale prices more quickly and comprehensively than on consumer prices.
The government tracks consumer prices for various categories of consumers such as industrial workers, urban manual workers and agriculture workers, but those data are released only once every month.
Annual Rise In Wholesale Price Index
Year Ended Percentage Rise Index
March 4, 2000 2.74% 363.9
Feb. 26, 2000 2.14% 362.7
March 6, 1999 5.26% 354.2
The government issued a final index for the year ended Jan 8, 2000, showing an actual increase of 3.08%, lower than the provisional 3.11% previously reported. |
