After rising for five consecutive weeks, inflation fell to 5.09 per cent during the week ended October 28, compared to 5.41 per cent in the previous week with drop in prices of essential commodities.\n\n
Pulses inflation remained stubborn at 35.56 per cent.
Inflation galloped to 42-month high of 7.57 per cent for the week ended April 19 as compared to 7.33 per cent a week ago mainly on account of higher prices of food articles like rice, milk, tea, vegetables and some manufactured products.The wholesale price based inflation stood at 6.07 per cent in the corresponding week a year ago. The previous high of 7.76 per cent was recorded for the week ended November 2, 2004.
Inflation fell for the second consecutive week to 7.02 per cent for the week ended December 4, mainly due to cheaper primary and fuel products.
The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.
A spurt in prices of fruits, vegetables and some other items pushed up inflation to 6.09 per cent during the first week of the current fiscal, increasing pressure on interest rates ahead of the RBI's annual monetary policy on April 24.
The Sensex opened with a positive gap of 63 points at 15,896, but soon slipped into red owing to nervousness in the markets. The Sensex finally ended with a significant loss of 489 points at 15,343. The NSE Nifty dropped 125 points to close at 4,647. BHEL and HDFC, L&T and M&M, ICICI Bank, Maruti and Reliance, HDFC Bank, DLF, Reliance Communications and Infosys, Cipla, Tata Motors and NTPC were major losers. Ambuja Cements, Reliance Energy, SBI and TCS too were losers.
The surge in inflation is a major cause of concern even for giants like the United States and China and rich nations like Britain and Singapore.
Food inflation in April stood at 6.08 per cent, while the overall WPI inflation fell to a three-year low of 4.89 per cent.
After falling for two weeks in a row, inflation once again firmed up marginally to 6.10 per cent for the week ended February 24 against 6.05 a week ago.
The wholesale prices-based inflation rose by 0.21 per cent at 4.82 per cent during the week ended August 5, as against 4.61 per cent for the previous week, with some manufactured products along with aviation turbine fuel becoming costlier.
The inflation bogey that stalked the government earlier in the week appears to have lost force, with the wholesale price index declining to 6.05 per cent for the week ended February 17, 2007, against 6.63 per cent for the previous week.
Manufactured goods and food lead the price rise.
Tight monetary policy and various fiscal sops have failed to contain inflation as it jumped to a record level of 6.73 per cent during the week ended February 3 compared to 6.58 per cent for the previous week.
Although inflation had touched 6.12 per cent during the week ending January 6 this fiscal, but it came down to 5.95 per cent in the following week.
Inflation based on the wholesale price index rose marginally to 4.2 per cent for the week ended November 12, from 4.14 per cent in the previous week mainly due to the rise in prices of minerals and non-food essential items.
Concerned over surging prices, Finance Minister P Chidambaram said on Friday the government will not hesitate to take more fiscal and monetary measures to contain inflation.
Inflation rose to 5.43 per cent, just short of this fiscal's highest at 5.44 per cent, during the week ended December 16 as against 5.32 per cent in the previous week.
Finance Minister P Chidambaram on Friday said rising inflation, which went up to 5.45 per cent during the week ended November 18, is due to primary products, especially pulses.
There was a marginal increase in the prices of cement, and manufactured food products such as bran (6 per cent), rice bran oil (3 per cent) and sooji (1 per cent). However, prices of groundnut oil fell by 2 per cent. Although the prices of crude oil have almost touched $100 a barrel, it did not impact the inflation rate as the government has not passed on the burden to consumers.
The government said on Tuesday it is keeping a close watch on the price movements in a bid to keep inflation around five per cent.
Inflation fell to a 31-week low of 5.6 per cent for the week ended January 8 despite a hike in prices of fuel, vegetables, non-food and manufactured products.
Inflation fell marginally to 3.01 per cent in the week ended August 27 from 3.08 per cent a week ago, despite rise in prices of food, aviation fuel and manufactured items.
Inflation rose to over three months high of 5.26 per cent for the week ended October 14, from 5.16 per cent in the previous week mainly due to increase in the prices of food and manufactured items.
Wholesale prices based inflation rate rose by 0.26 per cent to stand at 4.28 per cent during the week ended March 11
Wholesale prices based inflation rose by 0.10 per cent to stand at 4.92 per cent during the week ended August 12, as against 4.82 per cent in the previous week due to rise in prices of essential items like fruits and vegetables.\n\n
Economic think-tank NCAER has revised its projections for economic growth to 7.9 per cent for 2006-07, compared to 7.7 per cent made in April due to likely higher growth in industry and services sectors.
During the week, prices of fruits, vegetables and poultry chicken declined by five per cent each, while those of moong and fish-marine fell by one per cent.
Deflation masked the rise in food inflation to a 5-month high.
Inflation shot up to 5.24 per cent for the week ended June 10 from previous week's 4.72 per cent mainly due to spurt in the prices of fuel, food and manufactured items.
After a delayed start, the monsoon is advancing steadily.
Higher prices of pulses, fruits vegetables and some manufactured products pushed the wholesale price-based inflation up by 0.36 per cent to 4.32 per cent for the week ended May 13, against 3.96 per cent in the previous week.
After remaining unchanged in the previous week, inflation fell to a 40-month low of 4.83 per cent during the week ended February 19 due to cheaper edible oils, vegetables and some of the manufactured products despite higher global oil prices.
Inflation fell below the five per cent mark to stand at 4.85 per cent for the week ended May 26 from 5.06 per cent in the previous week, as the prices of essential food items like pulses and fruits and vegetables declined.
Wholesale prices-based inflation rose by 0.05 per cent to stand at 3.59 per cent during the week ended April 29 as against 3.54 per cent a week ago owing to food items going dearer.
Royal Philips Electronics is making an ultra low cost mobile handset, priced below (Rs 1000), for India and plans to launch the product sometime next year.
Inflation fell for the second consecutive week to 3.24 per cent for the week ended April 8 from 3.51 per cent in the previous week mainly due to cheaper food items including vegetables and wheat.
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
Contrary to expectations that it might fall after a cut in petrol prices, inflation remained unchanged at 7.34 per cent during the week ended November 20
In case of onions, inflation skyrocketed to 127.04 per cent, while for the eggs, meat and fish segment the rate of price rise was 5.76 per cent.
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