New Delhi: India's annual rate of inflation continued its descent during the week ended January 31 and fell to 4.39 per cent from 5.07 per cent for the week before, official data showed on Thursday.
The inflation rate, based on the official wholesale price index (WIP) stood at 4.74 per cent for the corresponding week of the previous fiscal, showed the statistics released by the industry ministry here.
The fall during the week under review was due mainly to a 3.1 per cent decline in the index for fuels, as the result of a 21 per cent drop in prices of lignite, 11 per cent in petrol, 8 per cent in cooking gas and 7 per cent in high speed diesel.
While the index for primary articles fell 0.2 per cent, that for manufacturing also declined 0.1 per cent.
Comments
0 comment