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Inflation falls to 3.15 pc
New Delhi, Dec 22: A near 10 per cent fall in the price of vegetables coupled with substantial slide in diesel and petrol prices, pushed inflation down to 3.15 per cent for the second consecutive week ending December 7.
New Delhi, Dec 22: A near 10 per cent fall in the price of vegetables coupled with substantial slide in diesel and petrol prices, pushed inflation down to 3.15 per cent for
the second consecutive week ending December 7.
The point-to-point price change, as measured by Wholesale Price Index (WPI), declined from 3.40 per cent in the previous week and 2.27 per cent in the year-ago period. WPI fell by 0.2 per cent to 167.2 for the latest reported week as compared to 167.5 a week ago and 162.1 in the previous year period. The final WPI stood corrected at 167.6 as compared to the provisional level of 167.2, while the final inflation was at 3.08 per cent as against the provisional figure of 2.83 per cent. The index for primary articles' group was down by 0.4 per cent to 175.5 from 176.2 on account of cheaper food articles, even as non-food items became costlier. The index was 170.2 in the previous year.
A three per cent fall in price of diesel and two per cent in petrol made the index for fuel, power, light and lubricants group to fall by 0.5 per cent to 238.8 from 240.1 a week ago and the index was 181.1 in the previous year.
The heavy-weighted manufactured products' group, however, rose by 0.1 per cent to 148.4 from 148.3 in the previous week due to costlier food products, beverages tobacco, rubber and plastic products and basic metals. The index was 144.3 a year ago period.
Bureau Report
The point-to-point price change, as measured by Wholesale Price Index (WPI), declined from 3.40 per cent in the previous week and 2.27 per cent in the year-ago period. WPI fell by 0.2 per cent to 167.2 for the latest reported week as compared to 167.5 a week ago and 162.1 in the previous year period. The final WPI stood corrected at 167.6 as compared to the provisional level of 167.2, while the final inflation was at 3.08 per cent as against the provisional figure of 2.83 per cent. The index for primary articles' group was down by 0.4 per cent to 175.5 from 176.2 on account of cheaper food articles, even as non-food items became costlier. The index was 170.2 in the previous year.
A three per cent fall in price of diesel and two per cent in petrol made the index for fuel, power, light and lubricants group to fall by 0.5 per cent to 238.8 from 240.1 a week ago and the index was 181.1 in the previous year.
The heavy-weighted manufactured products' group, however, rose by 0.1 per cent to 148.4 from 148.3 in the previous week due to costlier food products, beverages tobacco, rubber and plastic products and basic metals. The index was 144.3 a year ago period.
Bureau Report