Inflation eases to 11.07% from previous 11.44%

Inflation eases to 11.07% from previous 11.44%

New Delhi: Lower prices of food and non-food items pushed down inflation to 11.07% for the week ended 11 October, from 11.44% a week ago.

Inflation measured by movement in the Wholesale Price Index was 3.07% a year ago.

Among food articles, the prices of fruits and vegetables and eggs declined during the week. In the non-food category, sunflower and raw cotton became cheaper.

The index of fuel group too declined marginally by 0.1% on account of lower prices of furnace oil.

The prices of other goods that declined during the week were - imported edible oil, oil cakes, polyester, staple fibre and ingots of lead and zinc.

Items which became expensive during the week were tea, ghee, maize, rice, masoor, raw tobacco, mustard seed, lubricants, cotton yarn.

Inflation for the week ended 16 August was revised upwards to 12.82% as against the provisional figure of 12.40%.