Inflation spirals to 13-yr high of 11.05 pc

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New Delhi, Jun 22: 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.

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).

The index for 'Manufactured Products' group rose by 0.3 per cent to 201.6 (Provisional) from 201.0 (Provisional) for the previous week. The index for 'Food Products' group rose by 0.3 per cent to 207.4 (Provisional) from 206.8 (Provisional) for the previous week due to higher prices of sunflower oil (six per cent), bran (all kinds), groundnut oil and cotton seed oil (three per cent each), imported edible oil, hydrogenated vanaspati and soyabean oil (two per cent each) and rape and mustard oil and oilcakes (one per cent each).

However, the prices of gingelly oil (three per cent), maida and sooji (rawa) (two per cent each) and atta and khandsari (one per cent each) declined.

The index for 'Textiles' group rose by 0.1 per cent to 134.5 (Provisional) from 134.4 (Provisional) for the previous week due to higher prices of hessian cloth, hessian and sacking bags and woollen cloth (one per cent each).

The index for 'Chemicals and Chemicals Products' group rose by 0.2 per cent to 214.0 (Provisional) from 213.5 (Provisional) for the previous week due to higher prices of acid (all kinds) and caustic soda (sodium hydroxide) (three per cent each) and tape of blank cassettes (one per cent).

However, the prices of medical X-ray films (two per cent) declined.

The index for 'Non-Metallic Mineral Products' group declined by 0.05 per cent to 213.4 (Provisional) from 213.5 (Provisional) for the previous week due to marginal fall in the prices of cement.

The index for 'Basic Metals, Alloys and Metal Products' group rose by 1.1 per cent to 295.8 (Provisional) from 292.5 (Provisional) for the previous week due to higher prices of other iron steel (14 per cent), basic pig iron and foundary pig iron (11 per cent each), ms bars and rounds (nine per cent), steel sheets, plates and strips (four per cent) and pipes and tubes (two per cent).

However, the prices of zinc ingots (three per cent), and lead ingots (one per cent) declined.

The index for 'Machinery and Machine Tools' group rose by 0.1 per cent to 172.9 (Provisional) from 172.8 (Provisional) for the previous week due to higher prices of ceiling fans (six per cent).

The index for 'Transport, Equipment and Parts' group rose by 0.2 per cent to 174.0 (Provisional) from 173.6 (Provisional) for the previous week due to higher prices of body manufactured for trucks, vans etc (six per cent).

UNI

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