Macroeconomic Indicators (7 May 2011)

The overall point-to-point inflation rate of 9% as measured by the wholesale price index as of end March 2011 showed some deceleration compared with the rate of 10.2% as of end March 2010, though inflation continued to rule at elevated levels. Inflation in primary articles was significantly lower at 13% compared with 22.2% a year ago, and that of fuel and power was also lower at 12.9% compared with 13.8%. But the inflation rate of manufactured products at 6.2% was higher than the 5.2% recorded a year ago, clearly signalling a build-up of demand side pressures.