(Bloomberg) -- India's inflation rate fell below the
central bank's target for the first time in nine months,
reducing the need for further interest-rate increases.
Wholesale prices rose 4.85 percent in the week ended May 26
from a year ago, slowing from 5.06 percent in the previous week,
the Ministry of Commerce and Industry said in New Delhi today.
That was below all estimates in a Bloomberg survey of 12
analysts, where the median forecast was a 5.05 percent increase.
Read more at Bloomberg Emerging Markets News
central bank's target for the first time in nine months,
reducing the need for further interest-rate increases.
Wholesale prices rose 4.85 percent in the week ended May 26
from a year ago, slowing from 5.06 percent in the previous week,
the Ministry of Commerce and Industry said in New Delhi today.
That was below all estimates in a Bloomberg survey of 12
analysts, where the median forecast was a 5.05 percent increase.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment