Inflation spirals to 13-yr high of 11.05%

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New Delhi, Jun 20 (UNI) The headline inflation rate for the week ended June 7 soared to 13-year high of 11.05 per cent as compared to 8.75 per cent for the previous week.

The annual inflation rate was 4.28 per cent during the corresponding week of the previous year, the Wholesale Price Index (WPI) data showed here today.

Inflation for the week ended April 12 was revised to 7.95 per cent from 7.33 per cent.

The Wholesale Price Index (WPI) for 'All Commodities' for the week ended June 7 rose by 1.8 per cent to 235.2 (Provisional) from 231.1 (Provisional) for the previous week.

The index for 'Primary Articles' group declined by 0.4 per cent to 242.5 (Provisional) from 243.4 (Provisional) for the previous week.

The index for 'Food Articles' group declined by 1.1 per cent to 231.6 (Provisional) from 234.2 (Provisional) for the previous week due to lower prices of fruits and vegetables (six per cent), bajra (two per cent) and barley (one per cent).

However, the prices of fish-marine (four per cent) and condiments and spices, maize and gram (one per cent each) moved up.

The index for 'Non-Food Articles' group rose by 1.4 per cent to 239.2 (Provisional) from 235.8 (Provisional) for the previous week due to higher prices of niger seed (13 per cent), raw cotton and rape and mustard seed (four per cent each), raw jute and gingelly seed (two per cent each) and groundnut seed, copra, cotton seed and castor seed (one per cent each).

However, the prices of sunflower (two per cent) and raw silk (one per cent) declined.

The index for 'Fuel, Power, Light and Lubricants' group rose by 7.8 per cent to 374.2 (Provisional) from 347.2 (Provisional) for the previous week due to higher prices of light diesel oil (21 per cent), liquefied petroleum gas (20 per cent), naphtha (17 per cent), furnace oil (15 per cent), aviation turbine fuel (14 per cent), petrol (11 per cent), high speed diesel oil (10 per cent) and bitumen (seven per cent).

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