Inflation falls to 11.44 per cent

October 16th, 2008 - 4:21 pm ICT by ANI  

New Delhi, Oct 16 (ANI): Inflation fell to 11.44 per cent for the week ending October 4 due to decline in oil prices and manufactured goods.

In the previous week the inflation was 11.80 per cent.

The index for fuel prices declined by 1.1 per cent on account of lower prices of naphtha, aviation turbine fuel and furnace oil.

In manufactured goods category, wholesale prices, declined by 0.5 per cent on account of cheaper imported edible oil, steel, pig iron and lead ingots.

However, in the foods category, several items like fruits and vegetables, pulses and cereals became dearer during the week.

The fall in inflation has given some respite to the government, which is battling the impact of the global meltdown. (ANI)

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