New Delhi, May 21: In tune with RBI's expectation of moderate inflation this year, the general price level stood unchanged at the previous week's figure of 4.2 per cent for the week ended may 8 even as prices of atta, maida, rawa & condiments and spices fell. The point-to-point wholesale price index inflation stood firm despite the increasing prices of wheat, eggs and some edible oils. The index was at 6.76 per cent in the year-ago period. WPI also stood firm at 181.1 points during the latest reported week with fuel prices remaining firm despite the oil prices touching a 13-year high of over 40 dollars a barrel in the global market mainly due to security threats at Saudi Arabia's oil installations. The index was 173.8 points in the previous year period. The final inflation and WPI for the week ended March 13 were unaltered at provisional levels of 4.78 per cent and 179.7 points.
Bureau Report