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Showing posts with label effect of inflation on mkts. Show all posts
Showing posts with label effect of inflation on mkts. Show all posts

Sunday, August 31, 2008

Inflation down by 0.2%

Moderating global crude oil prices over the past few weeks worked behind 12.4 per cent inflation for the week ended August 16.Following dip in prices of vegetables, meat and cement, it is 0.2 per cent less than that in the previous week. Finmin considered inflation figure an early sign of moderation in prices.

It went on to reaffirm the fact that prices of most items in the WPI basket have either declined or remain unchanged and the annual rate of inflation in two of the three major commodity groups showed signs of moderation

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