The Inflation for the week ended 27th December 2008, declines to ten months low of 5.91%. Inflation rate has been dropped for ninth consecutive weeks and stood at 6.38% in the previous week and 3.74% in the corresponding week of 2007. The primary articles group in the WPI declined by 50 basis points from the previous week while manufactured products group declined by 30 basis points.
However, the previous low was reported at 5.69% for the week ended 23 February 2008. The index of food articles group declined by 0.7% as prices of jowar fell by 5%, fruits and vegetables by 3%, eggs and bajra by 1% each.
In case of manufactured goods, imported edible oil became cheaper by 1% along with the polyester fibre by 2% and newsprint by 1%. During the week, the index of fuel remained unchanged and also there was no movement in the prices of cement and iron and steel.
However, the previous low was reported at 5.69% for the week ended 23 February 2008. The index of food articles group declined by 0.7% as prices of jowar fell by 5%, fruits and vegetables by 3%, eggs and bajra by 1% each.
In case of manufactured goods, imported edible oil became cheaper by 1% along with the polyester fibre by 2% and newsprint by 1%. During the week, the index of fuel remained unchanged and also there was no movement in the prices of cement and iron and steel.
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