Inflation drops to year's low of 4.39 percent

New Delhi, Feb.12, (ANI): The inflation rate further dipped on Thursday due to the falling prices of fuel and food items, pulling it down to a year's low of 4.39 percent.

Inflation for the week ending January 31 fell down by 0.68 percent from 5.07 percent a week ago.

The prices of petrol, diesel and cooking gas dropped during the week.

Among food items that became cheaper were tea, fruit, vegetables and spices.

The Prices of imported edible oils, mustard oils and coconut oil and manufactured goods category items like, dhotis, sarees, ceiling fans and cotton cloth prices were also dropped during the week.

Prices of Indian Made Foreign Liquor (IMFL) also fell by 15 percent.

Prices of items like maize, wheat, rice and pulses and tobacco continue to be expensive.

The previous low inflation rate was recorded at 4.36 percent during the week ending January 12, 2008. (ANI)