Friday, April 17, 2009

Inflation falls to 0.18%

India`s standard extensive price index price rises turn down additional to place at 0.18% for the week wrecked Apr. 4, 2009 as measure up to to 0.26% a week ago. Inflation was at 7.71% during the parallel week of the preceding year.

The dependable refuse in inflation but increasing food prices present a hard choice before the RBI to cut strategy rates or not even as the trade shriek for easing of interest rates.

The index for `non-food articles` group rose by 0.7% due to higher prices of raw rubber (6%), raw cotton (3%) and raw silk (2%). However, the prices of rape & mustard seed (1%) declined.

Index for key articles group rose by 1.1%. The index for `food articles` group rose by 1.2% due to superior prices of fruits & vegetables (6%), arhar (2%) and urad, moong and gram (1% each). However, the prices of tea (1%) declined.

Manufactured products` group rose by 0.1%. The index for `food products` group rose by 0.6% due to higher prices of imported edible oil and rice bran oil (3% each), oil cakes (2%) and khandsari (1%)The index for this `fuel, power, light & lubricants` rose by 0.5% due to higher prices of aviation turbine fuel (12%), naphtha (8%), light diesel oil (3%) and bitumen (2%). However, the prices of furnace oil (1%) declined.

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