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Inflation moves up to 5.32 pc
New Delhi, July 13: With vegetable prices shooting up by 11 per cent, inflation headed to 5.32 per cent for the week ended June 28, up by 0.11 per cent from the week-ago level, though some edible oils became cheaper and fuel prices stood firm.
New Delhi, July 13: With vegetable prices shooting up by 11 per cent, inflation headed to 5.32 per cent for the week ended June 28, up by 0.11 per cent from the week-ago level,
though some edible oils became cheaper and fuel prices stood firm.
After hitting the fiscal's lowest figure of 4.97 per cent in the second week of June, the point-to-point wholesale price index (WPI) inflation had been continuously rising and it was only 2.67 per cent in the year-ago period, showing that living cost had almost doubled.
The WPI rose by 0.2 per cent to 174.1 points during the latest reported week as compared to 173.8 in the previous week with primary articles and manufactured products' prices rising and the index was 165.3 points a year ago. The data from the commerce ministry gives only a partial picture as it is provisional and the final figures are higher than the reported ones.
The final WPI stood corrected at 173.8 points during the week ended May 3 as against the provisional mark of 172.4 and the final inflation was at 6.89 per cent as compared to the provisional level of 6.03 per cent as reported for the period.
The index of mass consumption and rather price inelastic primary articles' group rose perceptibly by 0.5 per cent to 185.5 points due to costlier food and non-food articles and the index was 172.9 in the previous year period. Food articles' group index was up by a sharp 0.6 per cent to 187.6 points due to higher prices for vegetables (11 per cent), tea (four per cent), ragi, eggs and masur (one per cent each), while condiments and spices became cheaper by two per cent and jowar and maize by one per cent.
Bureau Report
The WPI rose by 0.2 per cent to 174.1 points during the latest reported week as compared to 173.8 in the previous week with primary articles and manufactured products' prices rising and the index was 165.3 points a year ago. The data from the commerce ministry gives only a partial picture as it is provisional and the final figures are higher than the reported ones.
The final WPI stood corrected at 173.8 points during the week ended May 3 as against the provisional mark of 172.4 and the final inflation was at 6.89 per cent as compared to the provisional level of 6.03 per cent as reported for the period.
The index of mass consumption and rather price inelastic primary articles' group rose perceptibly by 0.5 per cent to 185.5 points due to costlier food and non-food articles and the index was 172.9 in the previous year period. Food articles' group index was up by a sharp 0.6 per cent to 187.6 points due to higher prices for vegetables (11 per cent), tea (four per cent), ragi, eggs and masur (one per cent each), while condiments and spices became cheaper by two per cent and jowar and maize by one per cent.
Bureau Report