Inflation rate falls further to 6.84 percent

December 18th, 2008 - 2:00 pm ICT by IANS  

New Delhi, Dec 18 (IANS) India’s annual rate of inflation dropped further to 6.84 percent for the week ended Dec 6 from 8 percent the week before, government data showed Thursday.The sharp drop was triggered largely by the drop in petrol and diesel prices, analysts said.

The inflation rate was 3.84 percent during the corresponding week last year.

The official wholesale price index (WPI) for all commodities during the week declined by 1.1 percent to 231.1 points from 233.6 points the week before.

Data on wholesale prices released by the commerce and industry ministry showed that the index for primary articles declined 0.4 percent to 249 points, from 249.9 points the previous week.

The index for food articles declined by 0.5 percent while that of non-food articles rose marginally to 234.6 points (provisional) from 234.4 points (provisional) during the week under review.

The index for fuels and lubricants also declined by 3.7 percent to 332.1 points (provisional) from 345 (provisional) the previous week.

The index for the manufacturing sector declined by 0.3 percent to 202.4 points (provisional) from 203.1 (provisional) for the previous week.

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