Inflation dips further, drops to 6.38 percent

January 1st, 2009 - 2:02 pm ICT by IANS  

New Delhi, Jan 1 (IANS) India’s annual rate of inflation dipped further to 6.38 percent for the week ended Dec 20 from 6.61 percent the week before, official data released Thursday said.The inflation rate was 3.74 percent during the corresponding week of the previous year.

The wholesale price index (WPI) for all commodities declined 0.2 percent to 230.2 from 230.7 the previous week. All the figures in the index are still provisional.

The index for primary articles declined by 0.2 percent to 248.8 from 249.2 the previous week.

The index for fuel, power light and lubricants declined by 0.5 percent to 330.5 from 332.1 the previous week due to lowering in prices of aviation fuel by 13 percent, and light diesel oil by 6 percent.

The index for manufactured products too declined by 0.1 percent to 201.4 from 201.7 in the previous week.

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