Inflation declines 0.1 pct

The government on Thursday introduced a new mechanism for monitoring the wholesale price movement under which the inflation for primary articles, including foodgrain, pulses and vegetables, declined 0.11 per cent during the week ending October 24.

As per the new system, the weekly wholesale price index data would cover only primary articles and commodities in the broad group -- fuel, power, light and lubricants, an official statement said here.

Besides, the monthly price index covering all commodities for October would be released on November 12, in accordance the decision taken by the Cabinet Committee of Economic Affairs, it said.

As per the data, the inflation for fuel, power, light and lubricants remained unchanged at 6.2 per cent.

The prices of primary articles rose by 8.94 per in a year with potatoes showing an increase of 100 per cent, onion by 50 per cent, pulses by 23 per cent, rise by 12 per cent and milk by 10 per cent.

Among the food articles, prices of fruit and vegetables declined by 2 per cent, fish-marine by 3 per cent, barley and jowar by 1 per cent each during the week.

However, prices of moong rose by 3 per cent, wheat and bajra by 2 per cent each.

At the same time, prices of raw silk rose by 6 per cent, raw rubber by 3 per cent and mustard seed by 1 per cent.