Friday, December 28, 2007

Inflation rate slips to 3.45%

Inflation rate fell marginally to 3.45 per cent for the week ended December 15, against 3.65 per cent in the previous week, due to fall in prices of fruits, vegetables and textile products.

The annual rate of inflation stood at 5.73 per cent a year ago.

Prices of fruits and vegetables declined by 2 per cent, while textile prices fell by 5.9 per cent and cotton yarn by 7.7 per cent, during the week ended December 15.

However, prices of poultry chicken went up by 2 per cent and that of urad, condiments and spices by 1 per cent each.

The prices of beverages, tobacco, and tobacco products rose by 3.3 per cent due to jump in prices of cigarettes (8 per cent) and potable country liquor (6 per cent).

The prices of malted food rose by 3 per cent and imported edible oil and groundnut oil prices also increased by 1 per cent.

Prices of Manufactured products, which have a weight of 53.75 per cent in the price index, marginally declined by 0.2 per cent.

The fuel power, light and lubricants index, which has weight of 14.23 per cent in the wholesale price index, remained unchanged at its previous week's level.

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