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Inflation static at 5%

February 25, 2005
Source:PTI

After falling for ten consecutive weeks, inflation stood unchanged at the previous week's level of 5.01 per cent for the week ended February 12 even though vegetables and fruits became costlier.

The rise in the price of some food items like vegetable and fruits, and manufactured goods was to a great extent negated by cheaper edible oils, minerals and a few non-food products, making the Wholesale Price Index inflation to remain at a10 months low of 5.01 per cent.

The price level was as high as 6.08 per cent in the year ago period. The WPI, however, rose by 0.1 per cent to 188.8 points even as fuel prices remained unchanged and it was 179.8 points in the previous year period.

The government revised downwards the point-to-point inflation to 6.44 per cent in the week ended December 18 as compared to provisional figure of 6.50 per cent.

The WPI stood corrected at 188.4 points during the third week of December as against the provisional estimate of 188.5 points.

Source: PTI
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