Annual inflation dips to 9.59 percent in April

India's twelve-monthly price rises based on wholesale price index, fell to 9.59 percent in April from 9.9 percent a month ago, official data showed Friday.

Annual price rises was 1.31 percent in April 2009.

Data available by the Commerce Department showed food prices jumped 16.87 percent last month, compare with 16.65 per cent in March 2010.

Prices of most imperative articles rose 13.88 percent in April, a lower growth of 14.1 percent seen in the preceding month.

Processed products were expensive by 6.7 percent throughout the month under appraisal.

The revise February 2010, annual price increases was 10.06 percent, against 9.89 percent reported previous.

The government has said that inflation is falling after recent Rabi crops come as food prices are the main cause of the increasing global inflation since last year's lows.

For the fiscal year ended March 2011 the government statisticians and the Reserve Bank of India, forecast annual inflation will be around five percent.

Economists and economics is banking on a good torrential rain and the weather department expects in June to September rainfall to be 98 percent this year, which it describe as normal.

Last food increase figures showed a small spike after two weeks of decline right, rising 16.44 percent for the week finish May 1

The food price rises stood at 16.04 percent the previous week fell from 16.61 percent during the week ended April 17 from 17.65 percent the week finale April 10.