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INDIA'S INFLATION RATE FALLS TO 4.06 PCT.
NEW DELHI, April 3 Asia Pulse - India's inflation rate has slowed to 4.06 per cent for the week ended March 18 from 4.28 per cent in the previous week and 5.45 per cent in the year ago period.
The decline in wholesale price rise was mainly due to cheaper vegetables, poultry chicken, eggs, inland-fish, tea, fodder, some edible oils, sugar, ferro manganese, steel wire and building bricks.
However, the effect of a fall in the prices of the above items was somewhat negated by costlier wheat, bitumen, furnace oil, naphtha, milk powder, sweet confectionary, baby food, cigarettes, ayurvedic medicine liquids, iron and steel products, p.v.c. insulated cables and electrical equipment.
The Wholesale Price Index (WPI) declined by 0.1 per cent due to cheaper primary articles while manufactured products prices stood firm and industrial fuels became costlier. The index was 189.7 points in the ...
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