Inflation rate up to 5.21%
New Delhi: Inflation rate has gone up by 0.24 per cent to 5.21 per cent for the week ended 21 June. This was due to the spiralling prices of vegetables, fruits, tea and edible oils. The wholesale price index inflation that rose from the week ago level of 4.97 per cent was at its third lowest mark so far this fiscal, despite the fact that the prices of primary items and manufactured products went on increasing, belying the Reserve Bank Of India’s hopes of a stable price level. 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 the 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.
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