The headline inflation, which is measured by change in Wholesale Price Index, stood at 3.02% during the week ended 20 October 2007, which is the lowest in the past five years. Inflation was 5.61%, a year ago.
Headline inflation generally edged up in major economies during the quarter ended September 2007 as compared with the last quarter. In India, inflation based on the WPI eased below 4 % from Mid- August 2007 to 3.02% by 20 October 2007 partly due to base effects and also as the country is yet to pass on the spike in crude oil prices into the domestic fuel prices. Also, the rising global commodity prices can add to domestic inflation going forward.
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