Inflation dips a tad to 5.3%

NEW DELHI: The markets seem to have adjusted to the inflation rate of 5% plus. The 10-year bond yield closed flat at 7.39% from the previous close on Friday as the market was expecting a higher rate for the week ended November 25.

Instead, the WPI-based inflation, while continuing to exceed the 5% mark, dropped by 15 basis points from 5.45% the previous week to 5.30%. The inflation was 4.48% in the corresponding period of the last year. Experts, however, feel the impact of lowering petrol and diesel prices will be felt from the next week’s data. Data shows a perceptible fall in the index of food articles, which came down by 0.6%. Prices of fruits and vegetables and urad fell by 2% each.