Driven by a sharp fall in prices of inputs, inflation dipped closer to zero to 0.27 per cent during the week ended March 14 from 0.44 per cent a week before.
Earlier a Reuters poll showed that the inflation rate was expected to have dropped closer to zero in mid-March, due to a fall in commodity prices<http://economictimes.indiatimes.com/Inflation-dips-further-to-027/articleshow/4317774.cms#>such as sugar and iron. The median forecast of 10 economists was for a 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. Inflation has fallen sharply as commodity prices plunged after the global economic and financial crisis<http://economictimes.indiatimes.com/Inflation-dips-further-to-027/articleshow/4317774.cms#>deepened. Some analysts expect negative readings by mid-2009. The fall in the inflation rate was accentuated by a sharp rise in the WPI a year earlier, when prices were increasing, analysts said. B.KARTHICK RESEARCH ANALYST WWW.KENCES1.BLOGSPOT.COM <http://www.kences1.blogspot.com/> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
