April Wholesale Price Inflation (WPI) at 4.89 %, lowest since November 2009.

A farmer carries a basket of tomatoes to load them on to a tractor trolley in the outskirts of Ahmedabad February 14, 2012. REUTERS/Amit Dave/Files

India’s headline inflation slowed for a third straight month in April to 4.89 percent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy.

April’s reading is the lowest since November 2009 and is well below the 5.50 percent estimated by analysts in a Reuters poll. The wholesale price index, India’s main inflation measure, rose an annual 5.96 percent in March.

The reading for February was revised to 7.28 percent from 6.84 percent, the government data showed on Tuesday.

 

Source : Reuters.

http://in.reuters.com/article/2013/05/14/india-inflation-data-idINDEE94D03K20130514

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