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Inflation falls to 4.68%

July 21, 2006 13:30 IST
Source:PTI

Inflation declined to 4.68 per cent for the week ended July 8, from 4.96 per cent in the previous week mainly due to cheaper fruits, vegetables, pulses and milk.

The wholesale price-based inflation was at 4.46 per cent during the corresponding week last year.

The 0.28 per cent fall in inflation during the week under review, is likely to ease pressure on the Reserve Bank as it is scheduled to review the monetary policy on July 25.

The Wholesale Price Index for all commodities was up by 0.1 per cent to 203.6 points as prices rose for manufactured and non-food products. The index was 194.5 points a year ago.

Government revised upward the final inflation figure to 4.63 per cent for the week ended May 13, from the provisional 4.32 per cent while WPI stood corrected at 201.1 points as compared to the earlier estimate of 200.5 points.

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Source: PTI
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