• search

Inflation rises to 4.28 pc for week ended Mar 11

Written by: Staff
|

New Delhi, Mar 26 (UNI) Expensive food items, electricity, lubricants and manufactured products pushed up the annual rate of inflation to 4.28 per cent for the week ending March 11, as against 4.02 per cent during the previous week.

The inflation rate, calculated on a point-to-point basis, was 5.40 per cent during the same period last year.

The Wholesale Price Index (WPI) for all commodities rose by 0.4 per cent to 197.5 from 196.8 for the previous week.

For the week ended January 14, the final WPI stood at 196.6 as against 197.0 and annual rate of inflation based on final index stood at 4.19 per cent.

India's inflation is running below the Reserve Bank of India's projection for 5-5.5 per cent at the end of the fiscal year on March 31.

While global crude prices jumped by over 30 per cent last year, the Government allowed domestic prices of petrol and diesel to rise by only 15 per cent, to prevent higher fuel costs from affecting the booming economy.

The Reverse Repo rate, or the rate at which the central bank absorbs money from the market, is currently at 5.5 per cent and the Repo Rate, at which the central bank pumps money into the banking system, is at 6.5 per cent.

The index for primary articles rose by 0.2 per cent to 193.1 from 193.5 in the previous week.

The index for the Food Articles group increased by 0.1 per cent to 194.7 from 194.6 for the previous week due to higher prices of condiments and spices (2 per cent) and pork (1 per cent).

However, the prices of barley (5 per cent), gram and wheat (1 per cent) declined.

The index for the Non-Food Articles group rose by 0.4 per cent to 176.1 from 175.4 for the previous week due to higher prices of soyabean (6 per cent), castor seed (2 per cent) and cotton seed and groundnut seed (1 per cent each). Prices of copra (5 per cent) and sunflower (3 per cent), however, declined.

The index for the major group of fuel, power, light and lubricants rose by 0.9 per cent to 314.7 from 312.0 for the previous week due to higher prices of furnace oil (5 per cent), bitumen (3 per cent), electricity (2 per cent) and naptha (1 per cent).

Prices of aviation turbine fuel however declined by a percentage.

The index for the manufactured products group accelerated by 0.3 per cent to 172.8 from 172.2.

Among the manufactured products, the index for the Food Products group went up by 0.3 per cent to 181.4 from 180.8 for the previous week due to higher prices of hydrogenated vanaspati (2 per cent).

Gingelly oil and groundnut oil and imported edible oil, however, became cheaper by 2 per cent and 1 per cent respectively.

The index for the Beverages. Tobacco&Tobacco Products group declined by 0.2 per cent to 232.4 from 232.8 for the previous week due to lower prices of pan masala.

The index for the Textiles group appreciated by 0.2 per cent to 130.4 from 130.1 for the previous week due to increased prices of other cotton yarn (3 per cent), hessian and sacking bags and cotton yarn cones (2 percent each) and nylon filament yarn (1 per cent).

However, the prices of cotton grey drills and jeans (7 per cent), synthetic cloth (5 per cent), synthetic yarn and hessian cloth (1 per cent each) declined.

The index for Paper and Paper Products group rose by 2.6 per cent to 183.2 from 178.6 the previous week due to higher prices of other board (25 per cent), duplex board (12 per cent), printing paper white (4 per cent) and newspaper and pulp (1 per cent each).

The index for the Chemicals and Chemical Products group climbed by 0.1 per cent to 189.3 from 189.1 due to higher prices of epoxy resins (15 per cent), endosulfan (2 per cent) and monocrotophos (1 per cent).

The index for the Basic Metals Alloys and Metal Products group rose by 0.5 per cent to 213.2 from 212.1 for the previous week due to higher prices of aluminium extrusion (15 per cent), aluminium ingots (8 per cent) and aluminium rolled products (5 per cent).

The index for Machinery and Machine Tools group rose by 0.2 per cent to 147.5 from 147.2 for the previous week due to higher prices of air and gas compressors (11 per cent) and PVC insulated cables (1 per cent).

UNI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more