Inflation dips to 0.48 pc after four-week rise | business | Hindustan Times
Today in New Delhi, India
Sep 23, 2017-Saturday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Inflation dips to 0.48 pc after four-week rise

After increasing for three consecutive weeks, inflation fell to 0.48 per cent for the week ended May 2 against 0.70 per cent in the previous week despite rise in prices of food prices like pulses, cereals and vegetables.

business Updated: May 14, 2009 13:21 IST

After increasing for three consecutive weeks, inflation fell to 0.48 per cent for the week ended May 2 against 0.70 per cent in the previous week despite rise in prices of food prices like pulses, cereals and vegetables.

The wholesale price-based index stood at 8.73 per cent during the corresponding week a year ago.

This is the ninth week in a row when inflation stood below one per cent.

During the week, prices of fruit declined while those of tea, bajra, pulses, and spices were expensive.

At the same time, prices of jet fuel and bitumen fell.

Among manufactured products, imported edible oil and sugar were expensive. Elsewhere, pesticides were dearer by 33 per cent and benzene by 27 per cent.