INDIA: Annual rate of inflation falls to 3.03%, six-year low
The official Wholesale Price Index for ‘All Commodities’ (Base: 1993-94 = 100) for the week ended 21st February, 2009 declined by 0.1 percent to 227.6 (Provisional) from 227.8 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 3.03 percent for the week ended 21/02/2009 as compared to 3.36 percent for the previous week and 5.69 percent during the corresponding week of the previous year.
The index for ‘Non-Food Articles’ group declined marginally to 228.3 from 228.4 for the previous week due to lower prices of raw silk (7%), copra (3%) and rape & mustard seed and gingelly seed (1% each). However, the prices of raw rubber (3%) moved up.
The index for ‘Textiles’ group declined by 0.1 percent to 140.5 from 140.7 for the previous week due to lower prices of hessian & sacking bags and hessian cloth (2% each).
The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 172.3 from 172.2 for the previous week.
Added: March 5, 2009 Source: Agencies