BUSINESS

Now, inflation data every Thursday

Source:PTI
July 16, 2008 19:19 IST

Concerned over leakage of sensitive data on price rise, the government has decided to release the inflation figures on Thursdays against the current practice of announcing it on Fridays.

Henceforth, the wholesale price-based inflation data would be released at 5 pm on every Thursday, a commerce ministry official said.

Earlier, the inflation data was released at noon every Friday.

The decision comes in the wake of a few instances where the sensitive data was leaked before the official announcement, the official said.

The provisional inflation data is prepared on Thursday and sent to various ministries.

With the inflation rising to a 13-year high of at around 12 per cent, the sensitivity of data has assumed significance for the stock markets and bond markets.

Under the new schedule, the data will be released after the close of trading at bourses and will prevent traders from overreacting to the price rise indices.

Source: PTI
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email