Inflation declines for the tenth consecutive week

January 15th, 2009 - 2:43 pm ICT by ANI  

New Delhi, Jan 15 (ANI): Inflation figures touched an all time low of 5.24 percent after continuously declining for the tenth consecutive week primarily due to fall in prices of food articles.
Measured by the movement in wholesale prices, inflation dipped by 0.67 percentage points from 5.91 in the previous week. It stood at 4.26 percent a year ago.
The index of food articles as a whole fell by 0.6 percent as prices of fruits and vegetables fell by three percent and gram, barley, condiments and spices by one percent each.
However, the index of manufactured goods fell by a decent one percent as paper and paper products fell by 0.4 percent, and chemical and chemical products fell by 1.2 percent.
Lower prices of aviation turbine fuel (eight percent) and light diesel oil (three percent) made the index of fuel decline by 0.2 percent.
There are also a few exceptions as naptha became expensive by three percent and food items like jowar, tea, urad moong and rice by two percent.
Inflation has been declining ever since it touched an all time high of 12.91 percent in august last year. (ANI)

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