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Inflation down to 4.02 per cent

Written by: Staff

New Delhi, Feb 24 (UNI) The annual rate of inflation, calculated on point to point basis, stood at 4.02 per cent for the week ended February 11, as against 4.08 per cent for the previous week mainly due to lower prices of raw cotton, cotton seed and groundnut seed.

The inflation rate was 5.12 per cent during the corresponding week of the previous year, according to official figures released here today.

The Wholesale Price Index (WPI) for all commodities rose by 0.2 per cent to 196.6 from 196.2 for the previous week.

Since October 2005, inflation on account of manufactured goods, has been hovering around the 3 per cent mark. Except textiles, all other constituents within this group have been indicating an upward trend.

The price index of primary articles has been on the rise since August 2005.

High oil prices globally, are mainly responsible for the persistent 9 per cent or more inflation in the energy component of the WPI.


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