After 16 weeks of over 5 per cent, inflation fell to 4.91 per cent mark for the week ended March 6 due to the sharp fall in prices of vegetables, wheat, fuel products and manufactured items including food products.
The wholesale price index inflation for the latest reported week fell by 0.41 per cent from 5.32 per cent in the previous week and was in line with the Centre's expectation of containing inflation by the end of 2003-04. The index was as high as 5.74 per cent a year-ago period.
The last time the general price level touched below 5 per cent was during the period ended November 8, 2003.
The WPI declined by 0.2 per cent to 179.6 points in the latest reported week with all the major indices of primary, fuels and manufactured products moving downwards and the index was at 171.2 points in the previous year period.
The Centre revised upwards the final inflation to 6.63 per cent for the week ended January 10 as compared to provisional figure of 6.21 per cent.
The final WPI stood corrected at 178.6 points during the second week of January as against the provisional level of 177.9 points.
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