India’s inflation drops further to 8 percent

December 11th, 2008 - 3:10 pm ICT by IANS  

New Delhi, Dec 11 (IANS) India’s annual rate of inflation dropped further to 8 percent for the week ended Nov 29 from 8.4 percent the week before, government data showed Thursday.The inflation rate was 3.89 percent during the corresponding week last year.

The official wholesale price index (WPI) for all commodities during the week declined by 0.04 percent to 233.6 points from 233.7 points the week before.

Data on wholesale prices released by the commerce and industry ministry showed that the index for primary articles declined by 0.2 percent from the previous week.

The index for food articles declined by 0.4 percent, while that of non-food articles rose marginally to 234.4 points (provisional) from 234.3 points (provisional) during the week under review.

The index for fuels and lubricants, however, remained unchanged.

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