NEW DELHI: Inflation has further declined to 8.90% for the week ended November 8 from 8.98% a week ago, a development that may prompt the Reserve Bank to inject more liquidity into the system to overcome the cash crunch.
The inflation, measured by movement in wholesale prices, has come down by 0.08 percentage points mainly on account of declining prices of fuel items, triggered by fall in international crude prices.
While the prices of light diesel oil (LDO) dipped sharply by 11% during the week, in case of furnace oil and aviation fuel they came down by nine percent and five percent, respectively.
The inflation rate was 3.20% a year ago.
Soruce: http://timesofindia.indiatimes.com/Business/Inflation_falls_marginally_to_89/articleshow/3736035.cms
The inflation, measured by movement in wholesale prices, has come down by 0.08 percentage points mainly on account of declining prices of fuel items, triggered by fall in international crude prices.
While the prices of light diesel oil (LDO) dipped sharply by 11% during the week, in case of furnace oil and aviation fuel they came down by nine percent and five percent, respectively.
The inflation rate was 3.20% a year ago.
Soruce: http://timesofindia.indiatimes.com/Business/Inflation_falls_marginally_to_89/articleshow/3736035.cms
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