Friday, December 12, 2008

Inflation cools off to 8%

Date : Dec-12-2008 11:30
New Delhi:Inflation for the week ended 29th November 2008, stood at 8% as compared to 8.4% of the previous week. It was 3.89% during the corresponding week last year. Inflation rate for primary articles, which has a weight of 22% in the index number, fell to 11.66% in the reported week as compared to 11.98% in the previous week.

The closely tracked Wholesale Price Index fell 0.04 per cent to 233.6 vs 233.7 a week earlier. In inflation break-up, prices of fuel, power, light and lubricants remained unchanged. However, they are likely to see a big fall in the next inflation numbers after the recent cut in fuel prices. The price of primary articles is down 0.2 per cent, while that of food articles is down 0.4 per cent.


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