Inflation decreases to 7.14 per cent

April 17th, 2008 - 3:07 pm ICT by admin  

New Delhi, Apr 18 (ANI): In the first week of the current fiscal, inflation has decreased to 7.14 per cent, down by 0.27 per cent from the previous week.

The inflation came down despite increase in the prices of vegetables, pulses, tea, coconut oil and oil cakes.

The prices of fruits, gur, cotton seed oil and other edible oils, however, declined during the week ending April 5.

The prices of steel alloys and aviation turbine fuel also increased during the week.

The inflation is down because of base effect, as it was quite high at 6.44 per cent in the corresponding week last year, economists said.

It declined in the first week of the current fiscal after touching the 40-month high of 7.41 per cent for the week ended March 29.

The inflation for February 9 was revised to 4.98 per cent as compared to 4.35 per cent. (ANI)

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