August 16, 2011 1:30 PM

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Inflation declines to an eight-month low

Inflation declined to an eight-month low of 9.22 per cent in July, this year, as the rate of price rise in food articles and petro-products eased. Inflation, as measured by the Wholesale Price Index, had stood at 9.44 per cent in June 2011, and at 9.98 per cent in July 2010. According to data released by the government, today, prices of food articles rose 8.19 per cent in July, on an annual basis, lower than the 8.38 per cent inflation recorded in June. Inflation in overall primary articles was 11.3 per cent in July, down from 12.22 per cent in June. But prices of manufactured products rose 7.49 per cent in July, against 7.43 per cent in June. The index for the fuel and power segment stood at 12.04 per cent in July, down from 12.85 per cent in June. Inflation in non-food primary articles moderated to 15.51 per cent in July, from 18.57 per cent in June.However, the overall inflation figure for May 2011 has been revised upward to 9.56 per cent, from the provisional estimate of 9.06 per cent.

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