>Inflation Meter (INDIA CAPITAL MARKET)

WPI rises to 0.31% - but downside will continue

• The WPI fell to 0.26% for the week ended March 28, 2009 against 0.31% for the week ended March 21, 2009.(consensus was at 0.35%). Full Year FY 08-09 WPI at 8.32%..highest since 94-95• For the full year FY08-09 (FY07-08), the provisional WPI stood at 8.32% vis-à-vis 4.67% in FY07-08. The previous highest inflation for full year was in FY 94-95 at 12.50%.(first year ofnew series of WPI)

• The full year FY08-09(FY07-08), the price indices of Primary Articles, Fuel Group and Manufacturing group came at 9.98%(7.61%), 7.36%(0.97%), and 8.00%(4.97%) respectively.

To see full report: INFLATION METER