India's wholesale prices fell less than expected in mid-June from a year earlier, marking a build-up
in price pressures as the economy picks up and the effect of past sharp falls in energy prices
wears off.
The wholesale price index fell 1.14 percent in the 12 months to June 13, compared with analysts'
median forecast of a 1.69 percent drop and the previous week's 1.61 percent decline, government
data showed on Thursday.
Wholesale prices are expected to keep falling in annual terms in weeks ahead and economists
expect the central bank to keep its interest rates low in the near term.
But the data reinforced expectations that the closely watched wholesale price gauge will start
climbing again from September onwards and some analysts say the rise will be steeper than earlier
thought, possibly prompting a rate rise by year-end.
source : http://in.news.yahoo.com/137/20090625/748/tbs-wholesale-prices-fall-but-price-pres.html
in price pressures as the economy picks up and the effect of past sharp falls in energy prices
wears off.
The wholesale price index fell 1.14 percent in the 12 months to June 13, compared with analysts'
median forecast of a 1.69 percent drop and the previous week's 1.61 percent decline, government
data showed on Thursday.
Wholesale prices are expected to keep falling in annual terms in weeks ahead and economists
expect the central bank to keep its interest rates low in the near term.
But the data reinforced expectations that the closely watched wholesale price gauge will start
climbing again from September onwards and some analysts say the rise will be steeper than earlier
thought, possibly prompting a rate rise by year-end.
source : http://in.news.yahoo.com/137/20090625/748/tbs-wholesale-prices-fall-but-price-pres.html
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