India’s inflation rate dips further to 3.92 percentFebruary 19th, 2009 - 2:12 pm ICT by IANS
New Delhi, Feb 19 (IANS) India’s annual rate of inflation dipped further in the week ended Feb 7 to 3.92 percent from 4.39 percent the week before, official data showed Thursday.
The inflation rate, based on the official wholesale price index (WPI) stood at 4.98 percent for the corresponding week of the previous fiscal, showed the statistics released by the industry ministry here.
The WPI for all commodities declined 0.2 percent to 228 (provisional) from 228.4 (provisional) the week before.
The index for primary articles declined 0.2 percent to 248.0 (provisional) from 248.5 (provisional) for the previous week, while that for manufactured products declined 0.4 percent to 199.7 (provisional) from 200.6 (provisional) the week before.
The index for fuel, power, light and lubricants, however, rose 0.5 percent to 323.5 (provisional) from 321.8 (provisional) in the previous week due to higher prices of naphtha (up 10 percent) and furnace oil (up 5 percent).
At the same time, prices of aviation turbine fuel fell 5 percent and light diesel oil by 1 percent.