Friday, April 20, 2007

India's Inflation Remains Above Central Bank Target for 18th Straight Week

(Bloomberg) -- India's inflation accelerated more than expected, remaining above the central bank's target for an 18th week, because of higher prices for wheat and vegetables.

The key wholesale price inflation rate was 6.09 percent in the week ended April 7, from 5.74 percent in the previous week, the Ministry of Commerce & Industry said in a statement in New Delhi today. Analysts were expecting 5.8 percent.


Read more at Bloomberg Currencies News

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