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Article: Inflation eases to 12.40 per cent.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 28, 2008
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Inflation eases to 12.40 per cent
New Delhi, Aug 28 (PTI) Lower prices of food and fuel items pulled down inflation to 12.40 per cent, offering hopes of what the Finance Ministry described as "early signs of moderation" in prices.
The decline in the rate of price rise by 0.23 per cent from 12.63 per cent in the previous week comes after five weeks of consistent rise.
"There are some early signs of moderation of inflation" the finance ministry said in a statement adding in the primary articles group 21 out of total 98 articles have shown decline in prices and there was no increase in prices of another 48 articles.
However, according to ...