Inflation in India eases to 0.26 per cent

New Delhi, Apr 9 (PTI) Inflation in India declined to
0.26 per cent, the lowest ever in more than three decades, for
the week ended March 28 mainly on account of food items and
mineral products, fuelling expectations of rate cuts by the
nation's apex bank Reserve Bank of India (RBI).

The wholesale price-based index declined by 0.05
percentage points against 0.31 per cent in the previous week.

During the week, the minerals group declined by a
whopping 11.8 per cent due to prices of fire clay going down
19 per cent, iron ore 14 per cent, and chromite two per cent.

Prices of some food items like tea have declined. But the
fuel index remained unchanged at its previous week's level of
320.9.

However, manufactured items like imported edible oil
were dearer by six per cent, benzene by 14 per cent, and
enamelled copper wires by 9 per cent. PTI DP
PMR
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