Inflation drops to 4.78%

Inflation based on the wholesale price index (WPI) stood at 4.78% for the week ended September 2 as against 5.01% in the previous week mainly due to the dip in industrial fuel prices.

The wholesale price-based inflation stood at 3.64% during the corresponding week last year.

The government has revised the final inflation figure to 4.83% for the week ended July 8 from the provisional 4.68% while the WPI stood corrected at 203.9 points as against the earlier estimate of 203.6 points.