New Delhi, July 06: Taking a U-turn after ticking the lowest figure of this fiscal in the previous week, inflation rose by 0.24 per cent to 5.21 per cent mark for the week ended June 21 due to skyrocketing prices of vegetables, fruits, tea and edible oils. The wholesale price Index (WPI) inflation, which soared from the week ago level of 4.97 per cent, was at its third lowest mark so far this fiscal, though prices of primary items and manufactured products kept rising, belying RBI'S hopes of stable price level and hitting hard the public. The index was 2.74 per cent during the year-ago period.
WPI increased by 0.3 per cent to 173.8 points even as prices of domestic fuels remained unchanged, notwithstanding the steep fall in international markets, due largely to an unexpected steep rise in US stock of crude oil.
The final WPI stood corrected at 173.7 points during the week ended April 26 as compared to the provisional level of 172.8 and final inflation was at 6.7 per cent as against the provisional figure of 6.14 per cent.
The index of mass consumption Primary Articles'group was up by a sharp 0.7 per cent to 184.5 points due to steep price hike in food articles and moderate rise in non-food items.
Bureau Report