Inflation dips to 4.49 pc
Inflation dips to 4.49 pc
The rate of inflation declined marginally to 4.49 per cent for the week ended October 22.

New Delhi: The annual rate of inflation dipped to 4.49 per cent for the week ended October 22 compared to 4.71 per cent for the previous week due to lower food and energy prices.

The inflation rate was at 7.44 per cent during the year-ago period.

Wholesale Price Index (WPI) remained unchanged at its previous week's level of 197.7.

The Reserve Bank of India (RBI) raised the short-term reverse repo rate by 25 basis points to 5.25 per cent in its monetary policy review.

The Central Bank warned that full impact of domestic fuel price rise was yet to be felt and so it may be difficult to keep the average inflation at 5-5.5 per cent for this fiscal.

For primary articles, the index went down by 0.1 per cent to 196.7 from 196.9 for the previous week.

The index for food articles decreased by 0.2 per cent to 197.9 due to lower prices of maize (3 per cent), fruits and vegetables and poultry (2 per cent each) and bajra and ragi (1 per cent each).

However, the prices of coffee (34 per cent), fish marine (7 per cent), urad (6 per cent), barley (2 per cent) and moong and eggs (1 per cent) moved up.

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