This article was first published 21 years ago

Inflation falls to 4.3%

April 02, 2004 14:04 IST

In line with government's promise to keep commodity prices under check, inflation fell for the fourth consecutive week to 4.30 per cent for the period ended March 20, well within the 4-4.5 per cent forecast by the finance ministry.

The point-to-point wholesale price index inflation fell by another 0.48 per cent from the previous week's level of 4.78 per cent mainly on account of cheaper primary articles.

The general price level was two per cent higher at 6.30 per cent in the year-ago period, indicating the extent of relief for the average households during the period in review.

The WPI declined by 0.1 per cent to 179.5 points during the latest reported week though many of the heavy-weighted manufactured products prices remained firm even as food items became costlier. The index was at 172.1 points in the previous year period.

The government had drastically revised upwards inflation to 6.24 per cent for the week ended January 24 as compared to the provisional level of 6.12 per cent.

The final WPI stood corrected at 178.8 points during the third week of January as against the provisional mark of 178.6 points.

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