Inflation slows down at 4.78 pc

New Delhi, Sep 15 (UNI) The annual rate of inflation for the week ended September 2 stood at 4.78 per cent, after crossing the five per cent mark last week, on account of lower fuel prices.

The inflation rate, calculated on point-to-point basis, stood at 3.64 per cent during the corresponding week of the previous year, according to official figures released here today.

Finance Minister P Chidambaram last week reiterated that despite increased prices of wheat and pulses, headline inflation will be contained between 4.5 and five per cent in the current financial year.

However, the market expectation for inflation rate for the week ended September 2 was lower at around 4.5 per cent.

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