Premium
This is an archive article published on July 14, 2003

Inflation up at 5.32%

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...

.

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 WPI stood corrected at 173.8 points during the week-ended May 3 as against the provisional mark of 172.4 and final inflation was at 6.89 per cent as compared to the provisional level of 6.03 per cent.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement