This article was first published 22 years ago

Inflation up marginally to 5.25%

Share:

December 12, 2003 12:41 IST

The overall inflation went up marginally to 5.25 per cent for the week ended November 29 despite a sharp 9 per cent fall in vegetable prices.

The wholesale price index inflation was up by 0.01 per cent from the previous week's 5.24 per cent mainly due to a sharp 1 per cent decline in the prices of mass consumption primary articles' group and cheaper edible oils. However, the general price level was only 3.4 per cent a year-ago.

WPI declined by 0.2 per cent to 176.3 points in the latest reported week even as prices remained unchanged at the fuels and manufactured products' group level and the index was 167.5 in the previous year.

The Centre drastically revised upwards the point-to-point inflation to 5.32 per cent for the week ended October 4 as compared to the provisional level of 5.08 per cent, while the final WPI stood at 176.3 points as against the provisional mark of 175.9 points.

A whopping 1.3 per cent fall in the prices of food items and a marginal 0.3 per cent in non-food articles pulled down the index for primary articles' group to 182 points, while the index was only 176.1 points a year ago.

Food articles' group index plummeted to 183.7 points due to lower prices for fish-marine (10 per cent), vegetables (9 per cent), barley (4 per cent), fruits and urad (2 per cent each) and arhar and gram (1 per cent each).

Prices, however, rose for poultry chicken and jowar (2 per cent each), eggs, masur, condiments and spices, wheat and fish-inland (1 per cent each).

Share:

Moneywiz Live!