India WPI Friday, May 16, 2008 12:17 IST
12:06 16May08 RTRS-TABLE-Indian annual inflation at 7.83 pct on May 3 May 16 (Reuters) - India's wholesale price index <INWPI=ECI> rose 7.83 percent in the 12 months to May 3, higher than the previous week's annual rise of 7.61 percent, government data showed on Friday. The rate was above a median forecast of 7.50 percent in a Reuters poll of analysts. It was the highest since an annual reading of 7.93 percent on Nov. 6, 2004. KEY POINTS: SUB-INDEX (WEIGHTING) May 3 Apr 26 Pct change PRIMARY ARTICLES (22.025) 239.3 238.6 +0.3 Food articles (15.402) 231.5 230.4 +0.5 Non-food articles (6.138) 227.9 228.2-0.1 Minerals (0.485) 630.2 630.20 FUEL, POWER, LIGHT AND LUBRICANTS (14.226) 345.4 342.5+0.8 MANUFACTURED PRODUCTS (63.749) 198.9 198.3+0.3 Food Products (11.538) 204.3 202.8 +0.7 ----------------------------------------------------------- Note: Articles in CAPITALS are sub-indices. Articles in lower case are specific categories within the sub-indices. ------------------------------------------------------------ ----------- (The Reverse Repo is the rate at which the central bank absorbs excess liquidity from the banking system. ie. What the central bank pays for money and is nearly always the lowest rate in the market. (there are rare exceptions where huge excess liquidity means rates in the open market are even lower than the central bank is willing to go) The Repo rate is the rate at which the central adds liquidity to the banking system. ie. The rate which the central bank charges banks to borrow from it. It is a standard sale and repurchase system used by central banks the world over. These two rates form a corridor with the Repo at the upper end and the Reverse Repo at the lower. The call money rate usually sits within this band but can move outside.)
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