Inflation Fell To 5.07 Per Cent - Feb 6, 2009

Inflation fell to 5.07 per cent for the week ended January 24, 2008 as against 5.64% reported the week before and this decline was due to falling prices of fruit as well as the vegetables and manufactured goods, making the room for cuts in policy rates by the Reserve Bank to boost industry. In the primary articles group, the prices of fruit, vegetables and bajra declined by two per cent each, while coffee became cheaper by one per cent.

The inflation slipped by 0.57 percentage points for the week ended January 24 from 5.64 the previous week. It was 4.78 per cent a year ago.