Inflation further falls to 3.23 per cent

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New Delhi, Sept 30: Country's annual inflation rate has further slipped to a five-year low at 3.23 per cent for the week ended September 15, against the previous week's 3.32 per cent due to fall in prices of some food articles.

The annual inflation rate was 5.27 per cent during the corresponding week of the previous year, an official statement said here.

This is the fifth straight week that inflation has been sub-four per cent and the 15th week it has been under 5 per cent, the Reserve Bank of India's target for the financial year 2007-08.

The wholesale price index (WPI) for all commodities for the week ended September 15 declined by 0.1 per cent to 214.4 from 214.7 for the previous week.

The index for primary food articles declined by 0.7 per cent to 226.4 from 227.9 for the previous week.

The index for the food articles group declined by 1.1 per cent to 225.7 from 228.2 for the previous week due to lower prices of fish-marine and fish-inland (11 per cent each), eggs (5 per cent), fruits and vegetables (2 per cent) and moong, urad and maize (1 per cent each).

However, the prices of poultry chicken (5 per cent), mutton (2 per cent) and masur (1 per cent) moved up.

The index for non-food articles group rose by 0.4 per cent to 211.4 from 210.6 for the previous week due to higher prices of gingelly seed (4 per cent) and raw cotton, soyabean, raw tobacco and rape and mustard seed (1 per cent each).

However, the prices of copra (3 per cent) and castor seed, fodder and raw rubber (1 per centeach) declined.

The index for fuel, power, light and lubricants group rose by 0.1 per cent to 322.0 from 321.7 for the previous week due to higher prices of furnace oil (2 per cent).

The index for manufactured products group remained unchanged at its previous week's level of 186.2. The index for food products group rose by 0.1 per cent to 187.4 from 187.2 for the previous week due to higher prices of cotton seed oil (4 per cent) and rape and mustard oil (2 per cent). However, the prices of coconut oil (4 per cent) declined.

The index for textiles group rose by 0.3 per cent to 133.1 from 132.7 for the previous week due to higher prices of viscose staple fibre (3 per cent).

However, the prices of tyre cord fabric (3 per cent) declined.

The index for paper and paper products group rose by 0.1 per cent to 195.1 from 194.9 for the previous week due to higher prices of map litho paper (1 per cent).

However, the prices of pulp (2 per cent) declined.

The index for chemicals and chemical products group rose by 0.2 per cent 202.7 from 202.2 for the previous week due to higher prices of thinners (16 per cent), pvc resins and enamels (7 per cent each) and paints (4 per cent).

The index for non-metallic mineral products group rose by 0.1 per cent to 206.8 from 206.5 for the previous week due to higher prices of cement (+0.2 per cent).

However, the prices of asbestos cement corrugated sheets (1 per cent) declined.

The index for basic metals alloys and metal products group declined by 0.4 per cent to 243.0 from 244.0 for the previous week due to lower prices of zinc (10 per cent), aluminium ingots (6 per cent), barrels (5 per cent), other aluminium material and aluminium extrusion (4 per cent each) and zinc ingots and aluminium rolled products (3 per cent each).

However, the prices of steel furnitures (14 per cent) and tin boxs/containers (3 per cent) moved up.

The index for machinery and machine tools group rose by 0.1 per cent to 166.1 from 166.0 for the previous week due to higher prices of hydraulic pumps (3 per cent).

UNI

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