Friday, May 8, 2009

Inflation Rose Marginally To 0.70 Per Cent On April - May 08, 2009

The annual rate of inflation grew marginally to 0.7 per cent for the week ended April 25 as against 0.57 per cent the week before. The indices for manufactured products and primary articles rose 0.3 per cent and 0.2 per cent respectively. However, the index for fuel, power, light and lubricants remained unchanged at its previous week''s level of 323 (provisional).

The inflation rate based on official wholesale price index had dropped for eight consecutive weeks to 0.27 per cent for the week ended March 14 but it rose marginally to 0.31 percent for the week ended March 21. It then fell for the two consecutive weeks, before rising again for the next three weeks

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