Inflation eases to 5-year low at 3.07 per cent

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New Delhi, Oct 21: Inflation rate for the week ending October 6 further dipped to five-year low at 3.07 per cent, lower than the last week's 3.26 per cent due to decline in prices of food articles, textiles and minerals.

The annual inflation rate was 5.36 per cent during the corresponding week of the previous year, an official statement said.

It was the lowest annual rise since October 19, 2002, when the index rose 3.01 per cent.

The wholesale price index (WPI) for all commodities for the week ended October 6, 2007 declined by 0.2 per cent to 214.7 from 215.1 for the previous week.

The index for primary food articles declined by 0.9 per cent to 223.8 from 225.8 for the previous week due to lower prices of fruits and vegetables (four per cent), bajra and maize (2 per cent each) and moong, fish-marine and eggs (one per cent each).

However, the prices of urad and gram (one per cent each) moved up.

The index for the non food articles group declined by 0.4 per cent to 210.9 from 211.7 for the previous week due to lower prices of raw cotton (two per cent).

However, the prices of cotton seed (two per cent) and raw rubber, linseed and rape and mustard seed (one per cent each) moved up.

cent). The index for food products group declined by 0.1 per cent to 189.1 from 189.3 for the previous week due to lower prices of oil cakes and gur (one per cent each).

However, the prices of rice bran oil and cotton seed oil (two per cent each) moved up.

The index for textiles group declined by 0.5 per cent to 132.2 from 132.8 for the previous week due to lower prices of cotton yarn-cones and other cotton yarn (two per cent each) and cotton yarn-hanks, hessian cloth and hessian and sacking bags (one per cent each).

However, the prices of viscose staple fibre (three per cent) moved up.

The index for paper and paper products group rose by 0.1 per cent to 195.2 from 195.1 for the previous week due to marginal rise in the prices of map litho paper.

The index for rubber and plastic products group rose by 0.2 per cent to 160.1 from 159.8 for the previous week due to higher prices of decorative laminates (seven per cent).

The index for chemicals and chemical products group declined by 0.1 per cent to 203.6 from 203.9 for the previous week due to lower prices of benzene (ten per cent) and purified terephthalic acid (pta) (six per cent).

However, the prices of epoxy resins (five per cent) and pvc resins (three per cent) moved up.

The index for non-metallic mineral products group rose by 0.3 per cent to 208.0 from 207.4 for the previous week due to higher prices of railway sleepers (ten per cent) and asbestos cement corrugated sheets (two per cent).

The index for basic metals alloys and metal products group declined by 0.3 per cent to 246.5 from 247.3 for the previous week due to lower prices of ms/ss ingots (eight per cent), ms bars and rounds and other iron steel (two per cent each) and steel sheets, plates and strips (one per cent).

However, the prices of zinc ingots (one per cent) moved up.

The index for machinery and machine tools group rose by 0.3 per cent to 166.8 from 166.3 for the previous week due to higher prices of furnaces (forty six per cent) and air and gas compressors (one per cent).

However, the prices of electrolytic capacitors (forty eight per cent) declined.

The index for transport equipment and parts group rose by 0.2 per cent to 165.4 from 165.1 for the previous week due to higher prices of broad gauge diesel locomotives (nine per cent).

UNI

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