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Thursday, April 2, 2009

Annual inflation at 0.31 pc on Mar 21: Govt

Wholesale price index rose 0.31 per cent in the 12 months to March 21, marginally above the previous week's annual rise of 0.27 per cent, government data showed on Thursday. It was above a median forecast of 0.18 per cent in a poll of analysts. The annual inflation rate was 7.85 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 released weekly.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 12
11:30 Index of Services (3M/3M) 1 0.6% 0.7% 0.7%
11:30 Manufacturing Production (YoY) 1 0.4% 0.4% -0.8%
11:30 Industrial Production (YoY) 1 -0.3% -0.2% -0.7%
11:30 Industrial Production (MoM) 2 -0.6% -0.5% -0.7%
11:30 Manufacturing Production (MoM) 2 -0.9% -0.8% -0.8%
n/a NIESR GDP Estimate (3M) 1 0.6%
18:00 Producer Price Index (MoM) 2 0.2% -0.5%
18:00 Producer Price Index ex Food & Energy (YoY) 3 3.1% 3.1%
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.3% -0.4%
18:00 Producer Price Index (YoY) 2 2.6% 2.4%
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