Inflation drops further to 11.07 pc | business | Hindustan Times
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Inflation drops further to 11.07 pc

business Updated: Oct 23, 2008 12:33 IST
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Lower prices of food and non-food items pushed down inflation to 11.07 per cent for the week ended October 11, from 11.44 per cent a week ago.

Inflation measured by movement in the Wholesale Price Index was 3.07 per cent a year ago.

Among food articles, the prices of fruits and vegetables and eggs declined during the week. In the non-food category, sunflower and raw cotton became cheaper.

The index of fuel group too declined marginally by 0.1 per cent on account of lower prices of furnace oil.

The prices of other goods that declined during the week were -- imported edible oil, oil cakes, polyester, staple fibre and ingots of lead and zinc.

Items which became expensive during the week were tea, ghee, maize, rice, masoor, raw tobacco, mustard seed, lubricants, cotton yarn.

Inflation for the week ended August 16 was revised upwards to 12.82 per cent as against the provisional figure of 12.40 per cent.