(Correcting figures in lead para)

By Staff
|
Google Oneindia News

New Delhi, May 25 (UNI) The annual rate of inflation continued to follow its downward trend to stand at 5.27 per cent for the week ended May 12 due to a drop in textiles and food product prices, from its four-month low of 5.44 per cent a week earlier.

The headline inflation rate, calculated on a point-to-point basis, stood at 4.63 per cent during the corresponding week of the previous year, according to official data issued here today.

The Government is trying to increase the supply of goods while moderating demand in order to curtail inflation, Finance Minister P Chidambaram has said.

''Wherever we can augment the supply, we are augmenting it, and wherever we can moderate the demand, we are moderating it,'' he said yesterday.

The Wholesale Price Index (WPI) for all commodities for the week ended May 12 rose by 0.1 per cent to 211.7 from 211.4 for the previous week.

The index for the primary articles group rose by 0.5 per cent to 220.7 from 219.6 for the previouss week.

The index for food articles group rose by 0.7 per cent to 221.3 from 219.8 for the previous week due to higher prices of eggs (5 per cent), fruits and vegetables (2 per cent) and milk and jowar (1 per cent).

However, the prices of maize (1 per cent) declined.

The index for non-food articles group rose marginally to 203.4 from 203.3 for the previous week due to higher prices of raw wool (9 per cent) and sunflower (1 per cent).

However, the prices of raw jute (1 per cent) declined.

The index for fuel, power, light and lubricants group remained unchanged at its previous week's level of 321.8.

The index for manufactured products rose by 0.1 per cent to 184.0 from 183.9 for the previous week.

MORE 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