New Delhi, Nov 28: Soaring prices of vegetables and fruits, eggs, food products, edible oils, textiles and electricity pushed up inflation to 5.12 per cent for the week ended November 15, substantially higher than 3.39 per cent during the same period in the previous year. The wholelsale price index (WPI) inflation was up by 0.24 per cent from 4.88 per cent a week ago even as prices fell in the case of tea, fish-marine, gur, groundnut oil, ghee, bajra, ragi and condiments and spices.
The WPI rose by 0.2 per cent to 176.5 points as compared to 176.1 points in the previous week because of the increase in the indices of all the major groups, primary articles, fuels and manufactured products. The index was 167.9 points a year ago.
There were chinks in the price movement of primary products, market sources said, adding despite abundant rainfall and a bumper harvest during the Kharif season, the foodgrain prices had been on the rise.
Government revised upwards the point-to-point inflation to 5.02 per cent for the week ended September 20 as compared to the provisional level of 4.72 per cent, while the final WPI stood corrected at 175.6 points as against the provisional mark of 175.1 points.
Bureau Report