New Delhi: Inflation rose its highest level in financial year 2006- 2007's to 6.12 per cent for the week ended 6 January, 2007, up from 3.86 per cent on 7 January, 2007.

RBI's quarterly credit policy review is due on 31 January, 2007.

Wholesale price-based inflation crossed six per cent for the first time this fiscal. It jumped by 0.54 per cent against 5.58 per cent in the previous week. Inflation was just 3.86 per cent during the week ended January seven, 2006.

Prices of fruits, vegetables, maize, arhar, wheat, groundnut seed, cotton seed, rapeseed, mustard seed, aviation turbine fuel, naphtha and furnace oil, moved up.

However, moong, condiments and spices, fish-marine, bajra, gram, jowar, urad, raw cotton, raw jute, sugar, gur, coconut oil and imported edible oil became cheaper.

Before this week, inflation was highest at 5.58 per cent in the previous week ending December 30, 2006 as per the provisional estimate and 5.61 per cent during the week ended October 21, 2006 as per revised estimates.