Inflation based on the wholesale price index (WPI) for the week ended November 29 dropped to 8% from 8.4% in the previous week due to lower prices of fruit and vegetables. A UTVi poll of eight analysts had seen inflation at 8%.
The official WPI for all commodities for the week ended 29 November, 2008 declined 0.04% to 233.6 (provisional) from 233.7 (provisional) in the previous week.
Inflation was at 3.89% during the corresponding week of the previous year.
The index for primary articles declined 0.2% to 249.9 (provisional) from 250.5 (provisional) for the previous week. The index for food articles group declined 0.4% to 244.7 (provisional) due to lower prices of fruit & vegetables and barley (2% each) and gram (1%). The prices of ragi, urad, bajra and maize (1% each) moved up.
The index for fuel, power, light and lubricants remained unchanged at its previous week's level of 345.
The index for manufactured products was also unchanged at its previous week's level of 203.1.
The government also revised the final index for the week ended 4 October, 2008 to 239.7 as against 239.6 (provisional), and the annual rate of inflation based on the final index stood at 11.49% compared with 11.44% (provisional) reported earlier.
No comments:
Post a Comment