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Inflation declines to 4.52%

July 28, 2006 13:29 IST
Source:PTI

Inflation falls marginally to 4.52 per cent for the week ended July 15 from the 4.68 per cent in the previous week, despite increase in prices of vegetables, some edible oils and metals.

The wholesale price-based inflation was lower at 4.45 per cent during the corresponding week last year.

The wholesale price index for all commodities rose by 0.1 per cent to 203.7 points due to increase in food and non-food article prices and the index was 194.9 points a year ago.

The government revised upward the final inflation figure to 5.05 per cent for the week ended May 20 from provisional 4.74 per cent while WPI stood corrected at 201.7 points as against the earlier estimate of 201.1 points.

Reserve Bank recently said it would accord highest priority to contain inflation within 5 to 5.5 per cent projected for this fiscal.

During its annual policy review on July 25, RBI increased  short term interest rates by 0.25 per cent to ward off inflationary expectations as there is no sign of oil prices receding substantially.

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Source: PTI
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