Inflation brings more cheer, dips to 6.61%
NDTV Correspondent
Friday, December 26, 2008 (New Delhi)
Inflation for the week ended December 13 inched lower to 6.61 per cent, from 6.84 per cent a week earlier. The Whole Sale Price Index for all commodities was 0.2 per cent on a week-on-week basis at 230.7.
Among the components, prices of manufacturing commodities were down 0.3 per cent while that of basic metals, alloys and metal products were down 0.4 per cent week on week. Non-metallic mineral products saw a bigger decline at 1.1 per cent. The fuel and power index remained unchanged while prices of primary articles, which include food prices, went up marginally by 0.1 per cent.
Inflation the week ended October 12 was revised to 10.82 per cent.
Economists expect inflation to dip below 3 per cent by March next year, with the benefit of base effect coming into the picture. They also expect significant fall for the week ended December 10 with lower ATF and Nafta prices kicking in.
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