India''s annual rate of inflation based on the wholesale price index rose to 3.42
per cent during the week ended September 22 from the previous week''s 3.23 per
cent, mainly due to rise in prices of manufactured items like salt, imported edible
oil and some food products, official data showed.
the rate of inflation edged up in late September, after easing for more than a
month and hitting its lowest in almost five years at 3.23 per cent during the
week ended September 15, it is still below the Reserve Bank''s ceiling.
of food articles group fell 0.1 per cent during the week on account of lower prices
of cereals, pulses, fruits and vegetables.
other manufactured articles, prices of wires of all kinds, lead ingots, steel,
tensile plates and cement moved up.
wholesale price-based index stood at 5.43 per cent in the corresponding week a
rate has been well within the 5 per cent upper floor for the 16th week in a row.
expect inflation rate to rise in the weeks to come but this would not prompt the
Reserve Bank of India (RBI) to act on interest rates at its next review due on
October 30, they say.
government is also yet to raise retail fuel prices this year even though global
oil prices have crossed $80 a barrel in recent weeks.
RBI has raised interest rates five times since mid-2006, most recently in March.
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