Inflation cools to 3.01%

Inflation cools to 3.01%
PTI
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First Published: Fri, Dec 07 2007. 12 21 PM IST
Updated: Fri, Dec 07 2007. 12 21 PM IST
New Delhi: Inflation declined to 3.01% for the week that ended on 24 November, as food items, particularly vegetables, turned cheaper.
The wholesale price index-based inflation was 3.21% in the previous week and 5.55% in the same period last year.
The inflation has come close to Reserve Bank of India’s medium term target of 3%, but does not still offer any hope of interest rate cut as international crude prices are ruling high, analysts said.
Prices of vegetables fell by 9.6%.
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First Published: Fri, Dec 07 2007. 12 21 PM IST