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Inflation falls below 4.0 pc for first time in this fiscal
New Delhi, Aug 17: Inflation touched an all-time low in this fiscal falling below four per cent for the week ended August two, even as primary articles became costlier, with prices of vegetables skyrocketing.
New Delhi, Aug 17: Inflation touched an all-time low in this fiscal falling below four per cent for the week ended August two, even as primary articles became costlier, with prices of vegetables skyrocketing.
Continuing its downward spree for the fifth consecutive
week, the point-to-point wholesale price index (WPI) inflation
plunged to 3.96 per cent, shedding another 0.13 per cent from
the previous week's level of 4.09 per cent, as per commerce
ministry figures.
The pull-up effect of primary items and fuels' group on the overall price level in the country, was to a large extent negated by prices of manufactured products, carrying the highest weight in the WPI basket.
Inflation was at 3.09 per cent during the same period in 2002-03, indicating that the Centre was trying to contain the cost of living to the levels during the previous year.
However, in reality, prices soared for commodities like fruits, vegetables, milk, skimmed milk powder, sugar, maida, coconut oil and all kinds of baby food, making a dent on an average household's budget.
WPI rose by 0.3 per cent to 173.4 points during the first week of this month and it was 166.8 points in the previous year period.
Government made a final revision in inflation at 5.36 per cent for the week ended June 7 as compared to the reported provisional level of 5.05 per cent, while in the case of WPI, it was revised up to 173.1 points as against the provisional figure of 172.6 points.
The pull-up effect of primary items and fuels' group on the overall price level in the country, was to a large extent negated by prices of manufactured products, carrying the highest weight in the WPI basket.
Inflation was at 3.09 per cent during the same period in 2002-03, indicating that the Centre was trying to contain the cost of living to the levels during the previous year.
However, in reality, prices soared for commodities like fruits, vegetables, milk, skimmed milk powder, sugar, maida, coconut oil and all kinds of baby food, making a dent on an average household's budget.
WPI rose by 0.3 per cent to 173.4 points during the first week of this month and it was 166.8 points in the previous year period.
Government made a final revision in inflation at 5.36 per cent for the week ended June 7 as compared to the reported provisional level of 5.05 per cent, while in the case of WPI, it was revised up to 173.1 points as against the provisional figure of 172.6 points.