Inflation rate rises to 4.27 per cent
New Delhi, July 13: The headline inflation rate continued to rise to 4.27 per cent during the week ended June 30, due to a rise in food, energy and manufactured product prices.
It was 4.13 per cent a week ago and managed to stay below five per cent for the sixth consecutive week.
The annual inflation rate was 5.21 per cent during the corresponding week of the previous year, an official statement said here today.
The
Cabinet
Committee
on
Prices
(CCP),
chaired
by
Prime
Minister
Manmohan
Singh,
yesterday
reviewed
the
price
situation
prevailing
in
the
country
and
count
the
stock
of
the
supplies
of
pulses,
sugar
and
wheat
as
a
part
of
measures
to
check
inflation
rate.
The
index
for
fuel,
power,
light
and
lubricants
group
rose
marginally
to
322.1
(Provisional)
previous
week's
level
of
322.0
(Provisional)
due
to
higher
prices
of
bitumen
(two
per
cent).
However,
the
prices
of
furnace
oil
(one
per
cent)
declined.
The
index
for
manufactured
products
rose
by
0.3
per
cent
to
184.9
(Provisional)
from
184.4
(Provisional)
for
the
previous
week.
The index for Food Products group rose by 0.3 per cent to 183.8 (Provisional) from 183.2 (Provisional) for the previous week due to higher prices of rice bran oil (three per cent), khandsari (two per cent) and groundnut oil, cotton seed oil, ghee, maida and gingelly oil(one per cent each).
However, the prices of gur (one per cent each) declined.
The index for Leather and Leather Products group rose by 1.5 per cent to 167.1 (Provisional) from 164.7 (Provisional) for the previous week due to higher prices of footwear western type (two per cent).
The index for Rubber and Plastic Products group declined by 0.1 per cent to 154.9 (Provisional) from 155.0 (Provisional) for the previous week due to lower prices of canvas footwear (one per cent) The index for Chemicals and Chemicals Products group rose by 0.9 per cent to 202.1 (Provisional) from 200.3 (Provisional) for the previous week due to higher prices of epoxy resins (58 per cent) and tablets except vitamin and penicillin, liquid oral other vitamins and liquid injectables other than vitamins (three per cent each).
The index for Non-Metallic Products group rose marginally to 205.7 (Provisional) from 205.6 (Provisional) for the previous week due to higher prices of ceramic tiles (two per cent).
The index for Basic Metals Alloys and Metal Products group declined by 0.1 per cent to 244.5 (Provisional) from 244.7 (Provisional) for the previous week due to lower prices of zinc (five per cent) and zinc ingots (four per cent).
However, the prices of lead ingots (four per cent) moved up.
The index for Paper and Paper Products group declined by 0.2 per cent to 192.8 (Provisional) from 193.1 (Provisional) for the previous week due to lower prices of printing paper white (one per cent).
However, the prices of other boards (all kinds) (two per cent) moved up.
The index for Machinery and Machine Tools group rose by 0.2 per cent to 164.2 (Provisional)from 164.7 (Provisional) for the previous weel due to higher prices of other electrical equipment and systems (11 per cent) and computer and computer based systems (three per cent).
The index for Transport Equipment and Parts group rose by 0.2 per cent to 164.2 (Provisional) from 163.9 (Provisional) for the previous week due to higher prices of body manufactured for trucks, vans etc (four per cent).
UNI