Inflation remains unaltered at 5.16 per cent

New Delhi, Oct 20: The annual rate of inflation for the week ended Ocober 7, remained unchanged as that of the previous week, at 5.16 per cent owing to higher fuel, power and manufactured product prices.

The inflation rate calculated on a point-to-point basis, stood at 4.88 per cent during the corresponding week of the previous year, according to official figures released here today.

Vowing to bring down inflation the Finance Minister P Chidambaram last week said if supply side constraints persist then inflation will hover bewteen four to five per cent. But medium term moderation will set in after the supply side constraints cease, such as those pertaining to fresh stocks of wheat and sugar.

UNI