Inflation falls to 4.68%
Inflation declined to 4.68 per cent for the week ended July 8, from 4.96 per cent in the previous week mainly due to cheaper fruits, vegetables, pulses and milk.
By PTI |
NEW DELHI: Inflation declined to 4.68 per cent for the week ended July 8, from 4.96 per cent in the previous week mainly due to cheaper fruits, vegetables, pulses and milk.
The wholesale price-based inflation was at 4.46 per cent during the corresponding week last year.
The 0.28 per cent fall in inflation during the week under review, is likely to ease pressure on the Reserve Bank as it is scheduled to review the monetary policy on July 25.
The Wholesale Price Index (WPI) for All Commodities was up by 0.1 per cent to 203.6 points as prices rose for manufactured and non-food products. The index was 194.5 points a year ago.
Government revised upward the final inflation figure to 4.63 per cent for the week ended May 13, from the provisional 4.32 per cent while WPI stood corrected at 201.1 points as compared to the earlier estimate of 200.5 points.
Primary Articles group index was down by 0.5 per cent to 202 points owing to cheaper prices of food articles and the index was 192.9 points in the year ago period.
Food Articles group index fell by 0.8 per cent to 203.2 points due to lower prices of vegetables and milk (3 per cent each), fruits, moong, jowar and masur (1 per cent each).
However, prices moved up for eggs, condiments and spices (3 per cent each), gram and maize (1 per cent each).
The wholesale price-based inflation was at 4.46 per cent during the corresponding week last year.
The 0.28 per cent fall in inflation during the week under review, is likely to ease pressure on the Reserve Bank as it is scheduled to review the monetary policy on July 25.
The Wholesale Price Index (WPI) for All Commodities was up by 0.1 per cent to 203.6 points as prices rose for manufactured and non-food products. The index was 194.5 points a year ago.
Government revised upward the final inflation figure to 4.63 per cent for the week ended May 13, from the provisional 4.32 per cent while WPI stood corrected at 201.1 points as compared to the earlier estimate of 200.5 points.
Primary Articles group index was down by 0.5 per cent to 202 points owing to cheaper prices of food articles and the index was 192.9 points in the year ago period.
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Food Articles group index fell by 0.8 per cent to 203.2 points due to lower prices of vegetables and milk (3 per cent each), fruits, moong, jowar and masur (1 per cent each).
However, prices moved up for eggs, condiments and spices (3 per cent each), gram and maize (1 per cent each).
Non-Food Articles group index was up by 0.3 per cent to 183.9 points owing to increase in prices of niger seed (6 per cent), fodder, castor seed, groundnut seed and soyabean (1 per cent each), but linseed was cheaper by 1 per cent.
Fuel, Power, Light and Lubricants group index remained unchanged at the previous week's level of 326.3 points and the index was 304 points a year ago.
Manufactured Products group index was up by 0.5 per cent to 176.8 points as prices rose for food, tobacco, textiles, paper, chemicals, metals and machinery products. The index was 170.6 points in the year ago period.
Food Products group index increased by 0.2 per cent to 179.6 points due to rise in prices of bread and buns (7 per cent), atta (5 per cent), maida, sunflower oil, groundnut oil and butter (2 per cent each), khandsari, malted food and rice bran oil (1 per cent each).
However, prices declined for bran (9 per cent), coconut oil (3 per cant) and gingelly oil and sooji
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