Inflation nears 4% mark

NEW DELHI, December 14: Inching its way toward the four per cent mark, the inflation rate registered a maximum rise in the current fiscal year of 0.61 per cent to touch 3.96 per cent on November 29 while maintaining the single digits realm for the successive 140th week.

It has been witnessing a declining trend for four weeks except on November 15 when it went up by 0.16 per cent to 3.36 per cent from 3.20 per cent in the previous week.

The latest rise in the inflation rate was on account of substantial hike in prices of tea, barley, logs, timber, copra, western footwear and sulphuric acid.

The inflation rate in the corresponding week last year (November 30) stood at 6.67 per cent.