labels: economy - general
Inflation rate unchanged at 3.07 per cent news
26 October 2007

Mumbai: The annual rate of inflation based on the wholesale price index stood at 3.07 per cent for the week ended 13 October, unchanged from the previous week''s level, despite a rise in the prices of food products and some manufactured items.

The inflation rate stood at 5.46 per cent in the corresponding week a year ago.

Among food articles, fruits and vegetables, pulses, eggs, meat and fish turned expensive during the week, while some manufactured food articles like atta, maida got cheaper.

Among other manufactured items, prices of cement, lead ingot and some basic heavy inorganic chemicals got dearer.

During the last few weeks, inflation rate has been below the RBI''s upper band of 5 per cent for the current fiscal. However, the RBI is unlikely to cut the prime interest rates at the plan review on October 30.

The Government, meanwhile, revised the inflation rate for the week ended August 18 to 3.99 per cent from 3.94 per cent.

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Inflation rate unchanged at 3.07 per cent