Economic Alert: Indian Annual inflation seen at 0.09% on Apr 11 Vs 0.18% rise the previous week.

India's annual inflation rate is forecast to have eased to just above zero in second week of April, and is soon expected to turn negative. Expected Inflation number is around 0.09% vs 0.18% last week.

If realized, it would be the lowest reading of India's wholesale price-based inflation rate since annual records started in 1977/78, and comes about eight months after inflation peaked at 12.91 percent in early August.

The annual inflation rate will fall even though the wholesale price index is expected to have risen slightly from a week earlier, reflecting the sharper moves in the index a year ago when prices were accelerating.

The index had been on a downward trend since last September, after a fall in global commodity prices, but steadied in March.

The weekly wholesale price index is more closely watched than the monthly consumer price index (CPI) because it includes more products and is published on a more frequent basis.