WPI or the Wholesale Price Index for all commodoties declined 0.2 per cent to 229 from 229.5 the previous week. The index for primary articles declined 0.5 per cent to 246.3 from 247.5 the previous week, while that for manufactured products fell 0.1 percent to 200.6 from 200.8.
The index for fuel, power, light and lubricants also declined by 0.2 percent to 329.8 from 330.5. Ashok Chawla, the Economic Affairs Secretary said that inflation is likely to fall to an annual 3-4 pc by March. He said, "the downward trend will continue. The expectation is inflation will comedown to still more manageable numbers--3-4 pc over the next three months, by March."
OneIndia News (With inputs from Agencies)