The inflation has eased to 7.14 per cent during the first week of current fiscal, down by 0.27 per cent from the previous week, coinciding with government''s numerous steps in April to tackle surging prices. The wholesale price based inflation came down despite increase in prices of vegetables, pulses, tea, coconut oil and oil cakes. The prices of fruits, gur, cotton seed oil and other edible oils, however, declined during the week ending April 5.
The prices of steel alloys and aviation turbine fuel also increased during the week. The inflation was down because of base effect, as it was quite high at 6.44 per cent in the corresponding week last year. It declined in the first week of the current fiscal after touching the 40-month high of 7.41 per cent for the week ended March 29. The inflation for the week ended February 9 was revised to 4.98 per cent as compared to provision figure of 4.35 per cent.
The prices of steel alloys and aviation turbine fuel also increased during the week. The inflation was down because of base effect, as it was quite high at 6.44 per cent in the corresponding week last year. It declined in the first week of the current fiscal after touching the 40-month high of 7.41 per cent for the week ended March 29. The inflation for the week ended February 9 was revised to 4.98 per cent as compared to provision figure of 4.35 per cent.
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