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Indian inflation level has gone below the five percent mark

 
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Joined: 29 Oct 2007
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PostPosted: Sun Dec 02, 2007 5:37 am    Post subject: Indian inflation level has gone below the five percent mark Reply with quote
Indian inflation level has gone below the five percent mark for the first time in 43 weeks.

For the week ended May 26, the inflation figures have been reported as 4.85%, compared to 5.06% in the previous week.

The decline in inflation is both due to base effect as well as decline in prices of essential food items like pulses,fruits and vegetables.

The inflation figure of 4.85% is much below the market expectations of 5.05%.
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