|Economic and Financial Review - Nov 2007|
Price indications for October 2007 showed that inflation eased marginally from 10.2 per cent recorded at the end of the second quarter to 10.1 per cent. The marginal decline in October was aided by food prices. The food price index declined in the month by 1.1 per cent while non-food prices increased by 0.5 per cent. The development in food and non-food prices resulted in a decline in the overall index by 0.2 per cent. A year ago in October 2006, the overall index recorded a decline of 0.1 per cent, stemming from a 0.7 per cent decline in the food price index and a 0.3 per cent increase in the non-food price index.
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