Inflation dips to 4.36%

The annual inflation rate dipped in the week ended July 21 due to lower food prices, its first fall in five weeks, but analysts said today that higher global oil prices posed a risk to price stability. The 4.36 percent rise in the wholesale price index in the 12 months to July 21 was slightly lower than the previous week’s 4.41 percent.

It was the first fall in the weekly inflation rate since June 16, when it dropped to a 14-month low of 4.03 percent. Cheaper food items like pulses and fruits beat back inflation in the week under review but prices of vegetables and some other food items, most manufactured goods and lubricants.