NEW DELHI: Inflation fell to more than a six-year low of 2.43% for the week ended February 28 against 3.03% in the previous week mainly on account of a fall in prices of manufactured products and some food items, justifying the RBI's rate cuts.
The wholesale price index stood at 6.21% during the corresponding week a year ago.
During the week, prices of steel ingots, batteries and nylon yarn declined.
Prices of maize, arhar and moong declined by one% each. However, prices of fuel remained unchanged at the previous week's level.
The wholesale price index stood at 6.21% during the corresponding week a year ago.
During the week, prices of steel ingots, batteries and nylon yarn declined.
Prices of maize, arhar and moong declined by one% each. However, prices of fuel remained unchanged at the previous week's level.
Source:http://timesofindia.indiatimes.com/Business/India-Business/Industrial-growth-turns-negative-in-Jan-contracts-by-05/articleshow/4254901.cms
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