Inflation dips to 3.01%

New Delhi, Nov 23 (UNI) Inflation rate for the week ended November 10 declined to 3.01 per cent as against 3.11 per cent last week.

The annual inflation rate was 5.39 per cent during the corresponding week of the previous year, an official statement said here today.

The inflation came down, as the flow of capital was modest followed by marginal decline in Rupee.

The Reserve Bank of India (RBI) have been consistently, purchasing Dollar to cap Rupee gain, which controls the flow of capital. With the RBI monitoring the situation, additional curb on flow of capital funds into the country in unlikely.

The wholesale price index (WPI) for 'All Commodities' for the week ended November 10, declined by 0.1 per cent to 215.4 (Provisional) from 215.6 (Provisional) for the previous week.

The index for primary articles declined by 0.4 per cent to 223.3 (Provisional) from 224.2 (Provisionl) for the previous week.

The index for 'Food Articles' group declined by 0.3 per cent to 223.1 (Provisional) from 223.7 (Provisional) for the previous week due to lower prices of urad (six per cent), fruits&vegetables and condiments&spices (one per cent each). However, the price of jowar and gram (one per cent) moved up.

The index for 'Non-Food Articles' group declined by 0.8 per cent to 207.9 (Provisional) from 209.6 (Provisional) for the previous week due to lower prices of groundnut seed (five per cent) and raw rubber (one per cent).

However, the price of rape and mustard seed (one per cent) moved up.

The index for 'Fuel, Power, Light and Lubricants' remained unchanged at its previous week's level of 325.7 (Provisional) MORE UNI