Inflation for the week dips to 3.01%

New Delhi, Nov 25: Inflation rate for the week ended November 10 declined to 3.01 per cent as against 3.11 per cent last week. The annual inflation rate was 5.39 per cent during the corresponding week of the previous year, an official statement said here.

The inflation came down, as the flow of capital was modest followed by marginal decline in Rupee.

The Reserve Bank of India (RBI) have been consistently, purchasing Dollar to cap Rupee gain, which controls the flow of capital. With the RBI monitoring the situation, additional curb on flow of capital funds into the country in unlikely.

The wholesale price index (WPI) for 'All Commodities' for the week ended November 10, declined by 0.1 per cent to 215.4 (Provisional) from 215.6 (Provisional) for the previous week.

The index for primary articles declined by 0.4 per cent to 223.3 (Provisional) from 224.2 (Provisionl) for the previous week.

The index for 'Food Articles' group declined by 0.3 per cent to 223.1 (Provisional) from 223.7 (Provisional) for the previous week due to lower prices of urad (six per cent), fruits&vegetables and condiments&spices (one per cent each). However, the price of jowar and gram (one per cent) moved up.

The index for 'Non-Food Articles' group declined by 0.8 per cent to 207.9 (Provisional) from 209.6 (Provisional) for the previous week due to lower prices of groundnut seed (five per cent) and raw rubber (one per cent).

However, the price of rape and mustard seed (one per cent) moved up.

The index for 'Fuel, Power, Light and Lubricants' remained unchanged at its previous week's level of 325.7 (Provisional)

The index for 'Manufactured Products' group rose by 0.1 per cent to 188.1 (Provisional) from 188.0 (Provisional) for the previous week. The index for 'Food Products' group rose by 0.1 per cent to 191.4 (Provisional) from 191.2 (Provisional) for the previous week due to higher prices of bran (all kinds) (six per cent), rice bran oil (three per cent), and sooji (rawa) and gingelly oil (one per cent each).

However, the priced of groundnut oil (two per cent) and khandsari and gur (one per cent each) declined.

The index for 'Chemicals and Chemical Products' group declined by 0.1 per cent to 204.1 (Provisional) from 204.3 (Provisional) for the previous week due to lower prices of epoxy resins (four per cent) and calcium ammonium nitrate n-content (two per cent). However, the prices of bopp film(one per cent) moved up.

However, the index for 'Non-Metallic Mineral Product' group rose by 0.1 per cent to 210.4 (Provisional) from 210.2 (Provisional) for the previous week due to marginal rise in the prices of cement.

The index for 'Basic Metals Alloys&Metal Products' group rose by 0.2 per cent to 247.6 (Provisional) from 247.1 (Provisional) for the previous week due to higher prices of foundary pig iron and basic pig iron (three per cent each) and other iron steel (one per cent).

However, the price of zinc ingots and lead ingots (one per cent each) declines.

UNI