New Delhi, July 27 (PTI): With yet another 0.5 per cent fall, inflation rate dipped to this fiscal’s lowest ever figure of 4.65 per cent for the week ended July 12 mainly due to cheaper vegetables, fruits, edible oils, wheat and eggs, even as fuel prices stood unchanged.
The wholesale price index inflation ticked below a 5 per cent mark for the second time so far in 2003-04 from the previous week’s level of 5.15 per cent and it was a mere 2.79 per cent in the year-ago period.
However, the inflation for the reporting week is higher than the 3.34 per cent recorded in first week of January, showing the extent of rise in cost of living within seven months. Cheaper manufactured products led to a 0.2 per cent fall in the WPI to 173.3 points and the index was 165.6 last year.
The government made a final revision in WPI to 173.4 points for the week ended May 17 against the provisional figure of 172.3, while the point-to-point inflation found an upward move to 6.58 per cent against the provisional mark of 5.9 per cent.