|
|
Article: Inflation rate eases to 4.07 per cent.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 15, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Inflation rate eases to 4.07 per cent
New Delhi, Feb 15 (PTI) Easing prices of food items like fruits, vegetables and pulses, and jet fuel helped cool inflation rate growth to 4.07 per cent for the week ended February 2.
The wholesale price index-based inflation rate was 4.11 per cent in the previous week and 6.58 per cent week in the year-ago period.
Although inflation remained below RBI's forecast of close to 5 per cent for this fiscal, the central bank had yesterday said that the rate was high by global standards and needs to be brought down further.
"Our inflation is still high by world standards and it needs to be brought down ...