The annual rate of inflation based on the wholesale price index rose 4.13
per cent in the week ended June 23, up 0.10 per cent from the previous week''s
4.03 per cent due to a rise in some food and mineral prices.
4.13 per cent the weekly inflation rate stayed near a 13-month low in the third
week of June. It was also well within the Reserve Bank ceiling of 5 per cent.
rate was at 4.84 per cent during the corresponding week of the previous year.
prices rose 4.13 per cent in the week ending June 23 from a year earlier, faster
than 4.03 per cent in the previous week, official data showed.
food articles, prices of maize, fish-marine, linseed, dairy products, groundnut
oil, fruits and vegetables and pulses became costlier, although spices and condiments,
poultry chicken, ragi and bajra became cheaper.
of some minerals witnessed sharp price increase as high as 25 per cent. Mineral
like orchre, fire clay and iron ore registered price rise of more than 10 per
the week ended June 23, manufactured items such as dairy products, groundnut oil
and lead ingots became dearer.
of skimmed milk powder rose five per cent, oil cakes by two per cent, groundnut
oil and rice bran oil by one per cent. But prices of ginegelly oil and khandsari
eased one per cent.
check prices of food grains, which have risen at almost twice the pace of manufactured
product prices in the past year, the government removed the import duty on pulses
and wheat. It also cut import taxes on cement and reduced gasoline and diesel
prices to help slow price gains.
Bank governor Y V Reddy said last week that he wants to contain inflation within
5 per cent in the current fiscal and take it to 4-4.5 per cent over the medium
meanwhile, revised the inflation rate for the week ended April 28 to 6.01 per
cent from 5.66 per cent.