Inflation eases to 3.94 per cent

New Delhi, Aug 31: The inflation rate softened to 3.94 per cent for the week ended August 18, from the previous week's 4.10 per cent on account of decline in the prices of some manufactured products.

The annual inflation rate was 5.12 per cent during the corresponding week last year, an official statement said here today.

The Reserve Bank of India yesterday had said the rate of inflation in the country remained higher compared to other emerging markets as also the advanced economies in 2006-07.

Earlier Finance Minister P Chidambaram has said the Government had succeeded in containing the rate of inflation to 4.05 per cent through various fiscal and monetary measures.

UNI