India’s annual inflation rate dips further to 4.39 percent

February 12th, 2009 - 2:15 pm ICT by IANS  

New Delhi, Feb 12 (IANS) India’s annual rate of inflation continued its descent during the week ended Jan 31 and fell to 4.39 percent from 5.07 percent for the week before, official data showed Thursday.
The inflation rate, based on the official wholesale price index (WIP) stood at 4.74 percent for the corresponding week of the previous fiscal, showed the statistics released by the industry ministry here.

The fall during the week under review was due mainly to a 3.1 percent decline in the index for fuels, as the result of a 21 percent drop in prices of lignite, 11 percent in petrol, 8 percent in cooking gas and 7 percent in high speed diesel.

While the index for primary articles fell 0.2 percent, that for manufacturing also declined 0.1 percent.

Tags: , , , , , , , , , , , , , ,

Posted in Business |