Inflation Continues to Slide – 6.38%

Inflation for the week ended December 20, 2008 stood at 6.38% as compared to 6.61% reported in the last week as the WPI continued to slide.

The prices of primary articles decreased to 12.07% for week ended December 20, 2008 as compared to 12.15% for the preceding week. The prices of fuel items declined by 0.66% for the week as compared to an decrease of 0.18% in the preceding week driven by fall in administered as well as non administered fuel prices.

The inflation for manufactured products stood at a lower 6.84% for the week, as compare to 7.0% for the preceding week. Amongst the manufactured articles, the prices of metal products, textile products and wood & wood products rose the most, by 12.35% yoy, 10.66% yoy and 9.77% yoy respectively.