Inflation falls to 3.54%

Inflation fell marginally to 3.54% for the week ended April 22 as against 3.55% in the previous week.

Inflation fell marginally to 3.54 per cent for the week ended April 22 as against 3.55 per cent in the previous week, despite higher prices of eggs and wheat.

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Wholesale Price Index (WPI) was up by 0.2 per cent to 198.8 points against 198.5 points a year ago.

Government revised the inflation figure downward to 4.18 per cent for the week ended February 25 from provisional 4.29 per cent and WPI stood corrected at 196.8 points from earlier estimate of 197.0 points.

Reserve Bank has estimated inflation to average 5-5.5 per cent in 2006-07, but has also acknowledged the threat to prices from high global crude oil prices hovering at over $70 a barrel.