India’s inflation falls further to 11.07 percentOctober 23rd, 2008 - 1:50 pm ICT by IANS
New Delhi, Oct 23 (IANS) India’s annual rate of inflation, based on official wholesale price index, fell further to 11.07 percent for the week ended Oct 11, due to a 0.8 percent decline over the previous week in prices of primary articles.The inflation rate stood at 11.44 percent for the week before.
As per statistics released by the commerce and industry ministry Thursday, the drop in the index was caused by several factors, including a fall in the prices of fruits and vegetables, eggs and bajra, a coarse cereal. Prices of maize and rice, however, moved up.
The fresh statistics also revealed that the inflation for the week ended Aug 16, based on final data for the period, actually stood at 12.82 percent, against 12.40 percent reported earlier based on provisional data.