For the week ended Aug. 11, 2007, India’s wholesale price inflation rate stood at 4.10%, which is higher than 4.05% in the last week. Market approximations for rising prices (inflation) stood at 4.05%.

According to the recent reports, the inflation rate has exceeded the finance minister P. Chidambaram’s goal of 4%.

Mr. Chidambaram said that unless the yield of wheat, rice and pulses augment there will be pressure on the prices of commodities.

In a step to further chill the inflation, wheat will be imported by State Trading Corp. of India (STC) to raise the domesticated stock.