Inflation rate declines by 5.75 p.c.

New Delhi, Aug. 20. (PTI): The annual rate of inflation fell by a sharp 0.65 percentage points to 5.75 per cent for the week ended August 5, mainly on account of a drastic 1.1 per cent decline in the prices of primary articles.

The rate of inflation, based on the Wholesale Price Index (WPI), fell to 5.75 per cent (provisional) from 6.40 per cent (P) in the previous week. The rate of increase in prices stood at 2.85 per cent a year ago. The sharp decline in the reference week was mainly due to a seven per cent fall in prices of fruits and vegetables.

The index for `all commodities' (base: 1993-94=100) dipped 0.3 per cent to 152.6 (P) for the week as against 153 in the previous week. The final inflation rate based on `all commodities' stood at 6.42 per cent for the week ended June 10 stood as compared to 6.21 per cent based on the provisional index during the same period.

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