India Inflation Update

Inflation based on the wholesale price index (WPI) for the week ended October 25, 2008 increased to 10.72% as compared to 10.68% a week ago.

The Index for all commodities for the week increased to 238.50 as compared to 238.30 in the previous week. The increase in the WPI index is due to increase in the prices of primary articles. Fuel, power, light remains unchanged and manufactured products have decreased.

The wholesale price-based inflation was 3.11% during the corresponding week last year.