Inflation rate remains unchanged

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New Delhi, Oct 28: The inflation rate for the week ended October 13 remained unchanged at 3.07 per cent, and remained at its lowest since October 2002.

The annual inflation rate was 5.46 per cent during the corresponding week of the previous year, an official statement said.

Earlier Finance Minister P Chidambaram has said,''Inflation as measured by the wholesale price index has been contained at three per cent by monetary and fiscal measures, but the threat of inflation is always there.'' The wholesale price index (WPI) for all commodities for the week ended October 13, 2007 rose by 0.1 per cent to 215.0 (provisional) from 214.7 (provisional) for the previous week.

The index for primary food articles rose by 0.2 per cent to 225.1 from 224.7 for the previous week.

The index for 'Food Articles' group rose by 0.3 per cent to 224.5 from 223.8 for the previous week due to higher prices of mutton (four per cent), bajra (two per cent) and fish-marine, barley, wheat, gram and eggs (one per cent each).

The index for 'Non-Food Articles' Group declined by 0.3 per cent to 210.3 from 210.9 for the previous week due to lower prices of groundnut seed (three per cent), gingelly seed and castor seed (two per cent) and raw cotton and copra (one per cent each).

However, the prices of raw jute (10 per cent), fooder (four per cent), soyabean (three per cent) and raw tobacco and skins (two per cent) moved up.

The index for Fuel, Power, Light and Lubricants rose by 0.4 per cent to 323.4 from 322.1 for the previous week due to higher prices of naphtha (five per cent) and furnance oil and bitumen (two per cent).


UNI

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