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Inflation static at 7.1%

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October 29, 2004 12:56 IST

Inflation remained static at 7.1 per cent during the week ended October 16 despite rise in prices of fuel and manufactured products.

The inflation based on Wholesale Price Index remained unchanged after declining for the previous three weeks.

Inflation, which was 5.13 per cent a year ago, started sliding after a series of fiscal and monetary measures taken by government and Reserve Bank of India.

The WPI rose by 0.1 per cent to 188.6 points mainly due to rise in prices of fuel by 0.2 per cent and manufactured products by 0.1 per cent but primary articles were cheaper by 0.3 per cent.

The inflation stood corrected at 8.46 per cent for the week ended August 21 as against the provisional figure of 8.17 per cent while final WPI was at 188.5 points as against the provisional 188 points.
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