India's inflation south bound, slips to 5.07%

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 24th January, 2009 declined by 0.2% to 230.1 (Provisional) from 230.5 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 5.07% (Provisional) for the week ended 24/01/2009 (over 26/01/2008) as compared to 5.64% (Provisional) for the previous week (ended 17/01/2009) and 4.78% during the corresponding week (ended 26/01/2008) of the previous year.

The annual rate of inflation, calculated on point-to-point basis, for 'Primary Articles' stood at 9.02% (Provisional) for the week ended 24/01/2009 as compared to 11.01% (Provisional) in the previous week. It was 6.13% as on 26/01/2008 i.e. a year ago.

Source : Press Information Bureau

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