Inflation dips to 3.26% on cheaper mineral

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New Delhi, Oct 12 (UNI) Inflation rate for the week ending September 29 eased to 3.26 per cent as against the previous week's 3.42 per cent, due to decline in prices of minerals.

The annual inflation rate was 5.41 per cent during the corresponding week of the previous year, an official statement said here.

The wholesale price index (WPI) for all commodities for the week ended September 29 rose by 0.05 per cent to 215.1 from 215.0 for the previous week.

The index for primary 'Food Articles' rose by 0.2 per cent to 225.8 from 225.4 for the previous week due to higher prices of fish-marine (two per cent) and ragi, eggs and barley (one per cent each).

However, the prices of tea (four per cent) and moong ad urad (one per cent each) declined.

The index for the 'Non food articles' group rose By 0.1 per cent to 211.7 (Provisional) from 211.4 (Provisional) for the previous week due to higher prices of mesta (15 per cent), soyabean and fodder (three per cent), raw rubber (two per cent) and castor seed (one per cent).

However, the prices of raw tobacco (two per cent) and copra, raw jute and gingelly seed (one per cent each) declined.

The index for 'Minerals' group declined by 1.8 per cent to 429.8(Provisional) from 437.6 (Provisional) for the previous week due to lower prices of barytes(10 per cent), steatite (five per cent), iron ore (three per cent) and phosphorite(two per cent).

However, the prices of magnesite (91 per cent), fluorite (62 per cent), fire clay (52 per cent) and ochre (23 per cent) moved up.

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