Inflation soars to 8.24%

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New Delhi, Jun 8 (UNI) The headline inflation rate for the week ended May 24 soared to 8.24 per cent as compared to 8.10 per cent for the previous week.

The annual inflation rate was 5.15 per cent during the corresponding week of the previous year, a statement said.

Inflation for the week ended March 29 was revised to 7.75 per cent from 7.41 per cent.

The Wholesale Price Index (WPI) for 'All Commodities' for the week ended May 24 rose by 0.1 per cent to 229.8 (Provisional) from 229.6 (Provisional) for the previous week.

The index for 'Primary Articles' group rose by 0.2 per cent to 241.3 (Provisional) from 240.9 (Provisional) for the previous week.

The index for 'Non-Food Articles' group rose by 0.5 per cent to 231.5 (Provisional) from 230.3 (Provisional) for the previous week due to higher prices of raw rubber (four per cent), raw cotton (two per cent) and groundnut seed (one per cent).

However, the prices of coir fibre (15 per cent) and raw silk (one per cent) declined.

The index for 'Fuel, Power, Light and Lubricants' group remained unchanged at its previous week's level of 347.2 (Provisional).

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