Inflation drops marginally to 8.84 percent

November 27th, 2008 - 2:47 pm ICT by IANS  

New Delhi, Nov 27 (IANS) India’s annual rate of inflation dropped marginally to 8.84 percent for the week ended Nov 15 from 8.9 percent the week before, according to fresh data released Thursday.The annual inflation rate was 3.35 percent during the corresponding week the previous year.

The official wholesale price index (WPI) for all commodities during the week rose 0.04 percent to 235.1 (provisional) from 235 (provisional) the previous week.

According to data released by the commerce and industry ministry, the index for primary articles rose 0.1 percent during the week under review.

The index for fuel, power, light and lubricants largely remained unchanged at its previous week’s level of 353.3 (provisional).

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