Inflation fell to 11.44 percent for the week ending 4th October on account of decline in oil prices and manufactured goods, giving some respite to the government which is battling the impact of global meltdown.
The inflation was 11.80 per cent a week ago.
The index for fuel prices declined by 1.1 percent on account of lower prices of naphtha, aviation turbine fuel and furnace oil.
The inflation figures were released in the first half of the day, as against the normal practice of making the data public on Thursday evening, even as the stock markets tumbled by over 700 points by mid-day on Thursday.
The rate of price rise eased mainly on account of prices of those petroleum goods which are linked to international crude prices that declined to below USD 75 a barrel in recent weeks.
The prices of naphtha during the week declined by 11 percent, aviation fuel by 6 percent and furnace oil 5 percent. Bitumen, however, became dearer by 4 percent.
In the manufactured goods category, the index, measured movement in the wholesale prices, declined by 0.5 percent on account of cheaper imported edible oil, steel, pig iron and lead ingots.
However, in the foods category, several items like fruits and vegetables, pulses and cereals became dearer during the week.
The index for the week ending September was revised up at 12.82 percent as against the provisional figure of 12.63 percent
No comments:
Post a Comment