India to stop releasing weekly inflation data

January 24th, 2012 - 9:15 pm ICT by IANS  

Manmohan Singh New Delhi, Jan 24 (IANS) India will stop releasing weekly food and other inflation data and will issue it once in a month in a bid to curb speculative movement in prices.

The union cabinet headed by Prime Minister Manmohan Singh Tuesday cleared a ministry of commerce and industry proposal to issue stop issuing weekly data, sources said.

The ministry used to release wholesale price data primary articles and fuel and power every week, mostly every Thursday.

Now this data will be released every month. The ministry also releases overall inflation data every month.

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