Indias Inflation for the week ended April 19 was at 7.57%, against expectation of 7.42%

Inflation for week-ended April is at 7.57% versus 7.33%. It is at a 42-month high.




The Wholesale Price Index (WPI) is up on rise in primary articles and manufactured goods.
Gilts have gone up despite rise in inflation as higher headline WPI has been priced in.
Reacting to inflation numbers, Finance Minister P Chidambaram provided hope by saying current inflation is likely to be contained. He said food prices will come down sooner than other prices. As a contingency, 154 lakh tonnes of wheat and 250 lakh tonnes of rice have been acquired.