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Inflation falls to 7.02%

December 17, 2004 17:02 IST

Inflation fell for the second consecutive week to 7.02 per cent for the week ended December 4, mainly due to cheaper primary and fuel products.

The point-to-point Wholesale Price Index (WPI) inflation fell by 0.28 per cent from 7.3 per cent in the previous week as vegetable prices fell by a whopping 8 per cent.

Inflation stood at 5.56 per cent in the year-ago period.

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