Easing food prices pulled down the inflation rate to an 11-month low of 7.48 per cent in November, this year, from 8.58 per cent in October. Inflation had stood at 4.5 per cent in November 2009. This is the fourth consecutive month when overall inflation has been in a single digit. As per WPI data, prices of primary articles — food, non-food articles and minerals — rose 13 per cent on an annual basis. But prices of certain food items declined. While wheat became cheaper by 1.49 per cent, pulses fell by 8.37 per cent and vegetables, overall, went down by 4.59 per cent. But fuel and power prices rose 10.32 per cent, while manufactured goods became expensive by 4.56 per cent. Within manufactured products, however, sugar prices eased 10.97 per cent and leather and leather goods fell 1.77 per cent. For September this year, the inflation figure has been revised upwards to 8.93 per cent, from the provisional 8.62 per cent.
News On AIR | December 14, 2010 6:27 PM
Easing food prices pull down inflation to 7.48 per cent<br/>