Inflation further dips to 3.52 percent for the week ended 1st September, 2007

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 25th August 2007 rose to 214.4 from its previous week level of 213.6. The annual rate of inflation, calculated on point to point basis, stood at 3.52 percent for the week ended 01/09/2007 (over 02/09/2007 ) as compared to 3.79 percent for the previous week. The annual rate of inflation stood at 5.27 percent as on 02/09/2006 i.e. a year ago. The annual rate of inflation declined due to the larger base of last year.

Central Statistical Organisation revises it inflation figures after two months of releasing the provisional figures. For the week ended 07/07/2007, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 213.3 as compared to 212.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 4.61 percent as compared to 4.27 percent (Provisional) reported earlier.

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