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Inflation up by 0.06 per cent
The annual inflation rate inched up by a 0.06 per cent to touch 5.52 per cent following increase in prices of primary articles group on May 26.
The annual inflation rate inched up by a
0.06 per cent to touch 5.52 per cent following increase in prices of
primary articles group on May 26.
The inflation rate which was 5.46 per cent the week before, stood at 6.59 per cent during the corresponding week last year.
The main factor for the inflation rate to rise was the increase in the prices of barley, eggs, raw jute, raw rubber, copra, sunflower, groundnut seed, groundnut oil, cement and ceiling fans.
However, fish-inland, fish-marine, cotton seed and texturised yarn became cheaper during the week under review.
Due to a moderate up in the index of primary articles, the wholesale price index for all commodities (base 1993-94) improved by 0.1 per cent to 160.5 (provisional) on may 26 as against 160.3 (provisional) in the previous week.
The final wholesale price index for all commodities (base 1993-94) and annual rate of inflation based on final index calculated on point-to-point basis remained unaltered at their respective provisional levels of 159.2 and 4.87 per cent on March 31, 2001. The index for primary articles rose by 0.4 per cent to 168.0 as against 167.3 for the previous week while the index in the previous week for manufactured products group remained static at its previous week`s level of 144.0 (provisional). The index for fuel, power, light and lubricants also remained unchanged at its previous week`s level of 222.7.
The index for food articles group rose by 0.3 per cent to 175.2 from 174.7 for the previous week due to the higher prices of barley by four percent, eggs by three percent and jowar, maize, gram, fruits and vegetables and condiments and spices by two per cent each. However, the prices of fish-inland declined by three percent, fish-marine by two per cent and milk by one per cent. Bureau Report
The inflation rate which was 5.46 per cent the week before, stood at 6.59 per cent during the corresponding week last year.
The main factor for the inflation rate to rise was the increase in the prices of barley, eggs, raw jute, raw rubber, copra, sunflower, groundnut seed, groundnut oil, cement and ceiling fans.
However, fish-inland, fish-marine, cotton seed and texturised yarn became cheaper during the week under review.
Due to a moderate up in the index of primary articles, the wholesale price index for all commodities (base 1993-94) improved by 0.1 per cent to 160.5 (provisional) on may 26 as against 160.3 (provisional) in the previous week.
The final wholesale price index for all commodities (base 1993-94) and annual rate of inflation based on final index calculated on point-to-point basis remained unaltered at their respective provisional levels of 159.2 and 4.87 per cent on March 31, 2001. The index for primary articles rose by 0.4 per cent to 168.0 as against 167.3 for the previous week while the index in the previous week for manufactured products group remained static at its previous week`s level of 144.0 (provisional). The index for fuel, power, light and lubricants also remained unchanged at its previous week`s level of 222.7.
The index for food articles group rose by 0.3 per cent to 175.2 from 174.7 for the previous week due to the higher prices of barley by four percent, eggs by three percent and jowar, maize, gram, fruits and vegetables and condiments and spices by two per cent each. However, the prices of fish-inland declined by three percent, fish-marine by two per cent and milk by one per cent. Bureau Report