Inflation at 0.65 percent on April 25, 2009

(Inflation Updates - April 2009) - Annual inflation rate is expected to have risen for the third consecutive week in late April, because of a sustained increase in food, mineral and manufacturing prices, a poll showed on Wednesday.

The median forecast of 11 analysts was for 0.65 per cent rise in the wholesale price index in the 12 months to April 25, up from 0.57 per cent rise the previous week.

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"Inflation is expected to rise largely due to the general rise in food prices. Inflation falling below zero per cent has been postponed for a while now, may be until early June," said Deepali Bhargava, an economist with ING Vysya Bank said.

The index had been on a downward trend since last September, after a fall in global commodity prices, but steadied in March and has moved upward in the past two readings.

The weekly wholesale price index is more closely watched than the monthly consumer price index (CPI) because it includes more products and is published on a more frequent basis.