Inflation dips to 8.98 percent

New Delhi, Nov 13 : Decline in the prices of fuel and manufactured goods has led to the fall in the wholesale price index rate to 8.98 per cent for the week ended November 1.

The rate came down by 1.74 percentage points from 10.72 per cent in the previous week.

The rate was 3.35 per cent a year ago. The prices of commodities, which have declined during the week, include fuel items like naphtha, jet fuel, furnace oil and light diesel oil.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly.

ANI