India: Inflation Watch.

THE annual rate of inflation measured in terms of the wholesale price index (WPI) on a point-to-point basis declined to 5.56 per cent for the latest recorded week ended September 16. In the preceding week it had recorded a marginal increase at 5.72 per cent.

The decline of 0.16 per cent in the inflation rate during the latest week was on account of a significant decline in the inflation rate for the primary articles group from 1.31 per cent to 0.43 per cent over the week.

The inflation rate during the corresponding week of last year (September 18, 1999) was 3.48 per cent based on final data.

The inflation rate based on consumer price index for …