Active Stocks
Thu Mar 28 2024 14:29:24
  1. Tata Steel share price
  2. 156.40 2.32%
  1. ITC share price
  2. 432.80 1.12%
  1. HDFC Bank share price
  2. 1,456.05 1.07%
  1. Power Grid Corporation Of India share price
  2. 278.85 2.88%
  1. State Bank Of India share price
  2. 758.30 3.30%
Business News/ Politics / News/  Inflation hits 5-yr low at 3.07%
BackBack

Inflation hits 5-yr low at 3.07%

Inflation hits 5-yr low at 3.07%

Premium

New Delhi: Inflation touched five-year low of 3.07% for the week ended October 6, mainly due to decline in prices of essential items like fruits and vegetables, eggs, cereals and some manufactured goods.

The wholesale price-based index stood at 5.36% in the corresponding week last year.

During the week inflation remained below RBI’s forecast of close to 5% for the current fiscal, raising expectations of a possible rate cut in its half-yearly review of credit policy on October 30.

Among the food articles, fruits and vegetable prices dipped by 4%, eggs and fish fell marginally by 1%, while bajra and maize declined by 2% each.

However, prices of furnaces shot up by 46% followed by aviation turbine fuel which rose by 5%. Prices of broad-gauged diesel locomotive prices also jumped by 9%.

Meanwhile, festival demand has pushed up the prices of decorative laminates by 7%.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 19 Oct 2007, 01:15 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App