Inflation in India declines to 6-year low

By IRNA,

New Delhi : Inflation in India dips for the sixth consecutive week, to 2.43 per cent, the lowest in over six years, as prices of food items like pulses, dairy products and edible oil softened further in the last week of February.

---

Support TwoCircles

---

Even the prices of manufactured items, including iron and steel, textiles, chemicals and batteries, declined during the week ended February 28.

Inflation is now at a level seen in June 2002, by falling 0.6 percentage points from 3.03 per cent a week ago. It was 6.21 per cent during the corresponding week a year ago.

During the week, prices of fruit and vegetables and bajra were expensive by two per cent each while bakery products and masur prices firmed up by one per cent each