ABOUT US CONTACT US PROGRAMMES
  Dy365 App Twitter Facebook YouTube
Guwahati
 
 
Inflation dips to 30 year low, government rules out deflation threat
Posted on: 20-03-2009 , 04:: | DY365 Bureau

The rate of inflation has plummeted to its lowest level for the first time in 30 years. The phenomenon has given rise to fears that the economy is headed towards a more severe slowdown with the onset of a deflationary phase in the next few months.

Inflation was at 0.44 per cent for the week ended 7th March from 2.43 per cent in the previous week. This is the lowest figure of inflation in the last 30 years. Even as the Wholesale Price Index (WPI) -based inflation plunged by 199 basis points and is almost certain to move into negative territory by the end of this fiscal, the prices of food articles continued to rule at high levels while those of manufactured goods witnessed a sharp decline.

Inflation 0.44 %, lowest in 30 years

Wholesale Price Index-based inflation plunged by 199 basis points

Prices of food articles continues to rule at high levels

Prices of manufactured goods witness sharp decline

With the slump in WPI inflation mainly accounted for by the plunge in prices of manufactured items, India Inc. expressed serious concern and sought immediate and adequate monetary steps from the Government and the Reserve Bank of India (RBI) to induce consumer demand and thereby ensure growth. On the other hand bankers felt there was no further scope for rate cuts by the RBI. However, the Government has sought to allay apprehensions over the likelihood of the economy entering a phase of deflation.

 
 

»
Click here to watch the Live Stream. | High - BB / Droid
»
Click here to watch Live Stream on iPhone / iPad / iTouch. High| Beta
 
 
 
Dy365 in TATA SKY   Dy365 in Airtel   Dy365 in Dish Tv   Dy365 in Videocon   Dy365 in Big TV   Dy365 in ACC
Channel No : 1953
 
Channel No : 643
 
Channel No : 1529
 
Channel No : 849
 
Channel No : 784
 
Channel No : 003
 
 
 
News Sections
 
 
Others
 
 
Photo Gallery
 
 
 
   
     
2009-15 DY365, All rights reserved,
Privacy Policy,
Powered by Web.Com (India) Pvt. Ltd.