Inflation rate drops to 5.91 percent

January 9th, 2009 - 2:11 pm ICT by IANS  

New Delhi, Jan 9 (IANS) India’s annual rate of inflation fell further to 5.91 percent for the week ended Dec 27, from 6.38 percent the week before, official data released Friday said.The inflation rate was 3.83 percent during the corresponding week the previous year.

The wholesale price index (WPI) for all commodities declined 0.3 percent to 229.5 from 230.2 the previous week. Both figures are provisional.

The index for primary articles declined 0.5 percent to 247.5 from 248.8 the previous week, while that for manufactured products fell 0.3 percent to 200.8 from 201.4.

The index for fuel, power light and lubricants, however, remained unchanged at 330.5.

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