India’s inflation falls further to 5.24 percent

By IANS,

New Delhi : India’s annual rate of inflation fell further to 5.24 percent for the week ended Jan 3, from 5.91 percent the week before, official data released here Thursday said.

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The inflation rate was 4.26 percent during the corresponding week the previous year.

The wholesale price index (WPI) for all commodities declined 0.2 percent to 229 from 229.5 the previous week. Both figures are provisional.

The index for primary articles declined 0.5 percent to 246.3 from 247.5 the previous week, while that for manufactured products fell 0.1 percent to 200.6 from 200.8.

The index for fuel, power, light and lubricants also declined by 0.2 percent to 329.8 from 330.5.