Inflation dips to 4.52 per cent

New Delhi, July 28 (UNI) The annual rate of inflation for the week ended July 15, declined to 4.52 per cent as compared to 4.68 per cent last week, due to lower manufactured product prices.

The inflation rate, calculated on point-to-point basis, stood at 4.45 per cent during the corresponding week of the previous year, according to official figures released here today.

After the Reserve Bank of India raised the short-term interest rates by 25 basis points to 6 per cent, to ensure price stability, Finance Minister P Chidambaram asserted the government would take further fiscal measures, if needed, to check inflation.

UNI CS PV SSC1217