India''s annual rate of inflation eased further to 8.4 per cent for the week ended Nov 22 from 8.84 percent the week before due to a fall in prices of petroleum fuels. The annual inflation rate was 3.11 per cent during the corresponding week the previous year. The official wholesale price index (WPI) for all commodities during the week dropped by 0.6 per cent to 233.7 from 235.1 of the previous week. Data on wholesale prices released by the commerce and industry ministry showed that the index for primary articles, which includes food products, however, rose by 0.1 percent during the week under review. The index for fuels declined 2.3 per cent due to a 23 per cent decline in the prices of furnace oil, 14 per cent for aviation fuel and 11 per cent for light diesel oil.
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