Inflation declines to 3.94% for the week ended 18th August, 2007

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 18th August 2007 rose by 0.1 percent to 213.6 (Provisional) from 213.4 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 3.94 percent for the week ended 18/08/2007 (over 19/08/2006 ) as compared to 4.10 percent for the previous week. The annual rate of inflation stood at 5.12 percent as on 19/08/2006 i.e. a year ago. The annual rate of inflation declined due to the larger base of last year. In fact, the index for 'food articles' has increased by 0.9% due to higher prices of fish-inland (5%), masur (2%) and milk, fruits & vegetables, bajra and gram (1% each). The index for manufactured items has declined by 0.1% during the week.

Central Statistical Organisation revises it inflation figures after two months of releasing the provisional figures. For the week ended 23/06/2007, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 212.4 as compared to 212.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 4.32 percent as compared to 4.13 percent (Provisional) reported earlier.