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Inflation rate further dips to 12.1 p.c.

NEW DELHI: The rate of inflation continued its slide for the third time in a row, dipping further to 12.10 per cent for the week ended August 30 from 12.34 per cent in the previous week.

This was mainly due to lower prices of rice, certain pulses, fruits, edible oils and some other products.

The downtrend in the point-to-point inflation, as measured by the wholesale price index (WPI), may make the government heave a sigh of relief, but a factor of worry for the government is the increase in the prices of 30 essential commodities, including wheat, salt and sugar.

The Finance Ministry, in a statement here, said: “The inflation rate of 30 essential commodities, however, increased to 7.52 per cent as on the week ending August 30, 2008, from 6.90 per cent reported in the earlier week.

There was an increase in the prices of sugar, salt, wheat, arhar, urad, jowar and bajra in the current week.”

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