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Inflation dips marginally to 4.20 percent
New Delhi, May 16: The annual rate of inflation for the week ended May 1, declined marginally to 4.20 per cent from 4.26 percent in the previous week. This was due to lower prices of milk, fruits and vegetables and groundnut oil.The point-to-point wholesale price index-based rate of inflation was 6.89 per cent in the year-ago period.
New Delhi, May 16: The annual rate of inflation for the week
ended May 1, declined marginally to 4.20 per cent from 4.26 percent in the previous week. This was due to lower prices of milk, fruits
and vegetables and groundnut oil.The point-to-point wholesale price index-based rate of inflation
was 6.89 per cent in the year-ago period.
Inflation for the week ended March 6 was revised downwards at 4.79 per cent against the provisional figure of 4.91 per cent. The final WPI for this period was corrected to 179.4 from 179.6.
The index for primary articles fell by 0.2 per cent to 183.9 from 184.3. The index for food articles group declined by 0.3 per cent to 182.6 from 183.2 during the previous week due to lower prices of jowar (2 percent) and milk and fruits and vegetables (1 percent each). However, the prices of tea (13 percent), poultry chicken (7 percent), barley (6percent), maize (2 percent) and eggs, ragi and moong moved up(1 per cent each).
The index for non-food articles group rose by 0.1 per cent to 190.2 from 190.0 during the earlier week. The prices of fodder, however, declined by 8 per cent, raw silk by 2 per cent and castor seed and cotton by one per cent each. The index for the major group of fuel, power, light and lubricants inched up to 264.2 from 263.6 in the previous week, an increase of 0.2 per cent.
Inflation for the week ended March 6 was revised downwards at 4.79 per cent against the provisional figure of 4.91 per cent. The final WPI for this period was corrected to 179.4 from 179.6.
The index for primary articles fell by 0.2 per cent to 183.9 from 184.3. The index for food articles group declined by 0.3 per cent to 182.6 from 183.2 during the previous week due to lower prices of jowar (2 percent) and milk and fruits and vegetables (1 percent each). However, the prices of tea (13 percent), poultry chicken (7 percent), barley (6percent), maize (2 percent) and eggs, ragi and moong moved up(1 per cent each).
The index for non-food articles group rose by 0.1 per cent to 190.2 from 190.0 during the earlier week. The prices of fodder, however, declined by 8 per cent, raw silk by 2 per cent and castor seed and cotton by one per cent each. The index for the major group of fuel, power, light and lubricants inched up to 264.2 from 263.6 in the previous week, an increase of 0.2 per cent.