India's Inflation further falls to 5.24 pc

New Delhi, Jan 15: India's inflation fell further to 5.24 per cent for the week ended Jan 3, from 5.91 pc the week before, claimed an official data released on Thursday, Jan 15. In 2008 the inflation rate was 4.26 during the corresponding week.

WPI or the Wholesale Price Index for all commodoties declined 0.2 per cent to 229 from 229.5 the previous week. The index for primary articles declined 0.5 per cent to 246.3 from 247.5 the previous week, while that for manufactured products fell 0.1 percent to 200.6 from 200.8.

The index for fuel, power, light and lubricants also declined by 0.2 percent to 329.8 from 330.5. Ashok Chawla, the Economic Affairs Secretary said that inflation is likely to fall to an annual 3-4 pc by March. He said, "the downward trend will continue. The expectation is inflation will comedown to still more manageable numbers--3-4 pc over the next three months, by March."

OneIndia News (With inputs from Agencies)