Friday, March 4 2005 14:06 Hrs (IST) - World Time -

New Delhi: After remaining unchanged in the previous week, inflation fell to 40-months low of 4.83 per cent during the week ended February 26 due to cheaper edible oils, vegetables and some of the manufactured products despite higher global oil prices.

Toeing the lines of pre-Budget Economic Survey, which had said that the Government was able to contain price rise, the Wholesale Price Index (WPI) inflation fell by 0.18 per cent from a week ago level of 5.01 per cent.

The general price level stood as high as 6.00 per cent in the previous year period.

However, WPI remained unchanged at 188.8 points despite costlier primary items and cheaper manufactured products, even as fuel prices stood firm for the second consecutive week, notwithstanding, violent gyrations in the world oil prices that hovered $ 47-48 a barrel.

The Wholesale Price Index was 180.1 points a year-ago period.

Government revised upwards the point-to-point inflation to 6.56 per cent during the week ended December 25, 2004 as compared to the provisional level of 6.39 per cent.

The final WPI during December-end stood corrected at 188.5 points as against the provisional level of 188.2 points.