Friday, April 8 2005 16:42 Hrs (IST) - World Time -

New Delhi: Reflecting the "measured" steps taken by the Centre and the Reserve Bank to check prices, fiscal 2004-05 ended with inflation at 5.05 per cent for the week ended March 26 despite costlier food articles, including vegetables.

The Wholesale Price Index (WPI) inflation fell by 0.06 per cent to 5.05 per cent from the previous week's level of 5.11 per cent due to a fall in prices of edible oils and non-food products.

Finance Minister P Chidambaram today (Apr 8, 2005) said in Mumbai that the Government was confident about managing inflationary pressures despite rising crude oil prices.

WPI, meanwhile, rose by 0.20 per cent to 189.4 points with indices of primary articles and heavy-weighted manufactured products going up. It was 180.3 a year-ago.

Government revised downwards inflation to 5.14 per cent for the week ended January 29 as against the provisional estimate of 5.25 per cent.

WPI stood corrected at 188.3 points during the last week of January against the provisional figure of 188.5 points.