Friday, January 16, 2009

Inflation Drops Sharply - Jan 16, 2009

Inflation for the week ended January 3 fell to 5.24 per cent as against 5.91 per cent in the previous week. The inflation, as measured by the Wholesale Price Index, for all commodities dropped 0.2 per cent week-on-week to 229. Inflation for the week ended November 1 was revised to 8.71 per cent. However, the prices of primary articles, which include food items, slipped 0.5 per cent from its previous week.

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