Thursday, June 11, 2009

Inflation slips to over three-decade low of 0.13 % !!!

Inflation slipped to 0.13 per cent, the lowest ever in over three decades even as prices of essential food items like pulses, fruit and vegetables, spices and eggs turned dearer.

While the wholesale price index stood at 0.48 per cent in the previous week, the rate of price rise was 9.32 per cent during the corresponding week a year ago.

During the week, the prices of eggs went up by 11 per cent, mutton 3 per cent, and fruit and vegetables and spices 2 per cent each.

At the same time, the prices of ghee were expensive by 4 per cent and khandsari by 2 per cent.
However, textile items, metal products and plastic items and machinery turned cheaper during the week.

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