Inflation seen at 0.13 pc on March 14
Annual inflation rate is forecast to have dropped closer to zero in mid-March, the lowest for the current series, due to a fall in commodity prices such as sugar and iron, a poll showed. The forecast is expected near 0.13 per cent rise in the wholesale price index in the 12 months to March 14, after a rise of 0.44 per cent in the previous week.
If realized, it would be the lowest inflation rate since annual records started in 1977/78 and comes seven-and-half-months after the current inflation series hit a life high of 12.91 per cent in early August.
The data is due around noon (0630 GMT) on Thursday.
The weekly wholesale price index is more closely watched than the monthly consumer price index (CPI) because it includes more products.
Annual inflation rate is forecast to have dropped closer to zero in mid-March, the lowest for the current series, due to a fall in commodity prices such as sugar and iron, a poll showed. The forecast is expected near 0.13 per cent rise in the wholesale price index in the 12 months to March 14, after a rise of 0.44 per cent in the previous week.
If realized, it would be the lowest inflation rate since annual records started in 1977/78 and comes seven-and-half-months after the current inflation series hit a life high of 12.91 per cent in early August.
The data is due around noon (0630 GMT) on Thursday.
The weekly wholesale price index is more closely watched than the monthly consumer price index (CPI) because it includes more products.
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