New Delhi: Inflation rises to 4.27 per cent

New Delhi, July 15: 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.

The Cabinet Committee on Prices (CCP), chaired by Prime Minister Manmohan Singh, had 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 Wholesale Price Index (WPI) for all commodities for the week ended July 23, 2007 rose by 0.2 per cent to 212.5 from 212 for the previous week.

The index for Primary Food Articles rose by 0.4 per cent to 221.6 from 220.7 for the previous week.

The index for the Food Articles group rose by 0.7 per cent to 221 (Provisional) from 219.5 for the previous week due to higher prices of masur (five per cent), fruits and vegetables and condiments and spices (two per cent each) and jowar, fish-marine and gram (one per cent each).

However, the prices of bajra (one per cent) declined.

The index for Non-Food Articles group declined by 0.2 per cent to 204.7 (Provisional) from 205.2 for the previous week due to lower prices of fodder (12 per cent), raw rubber (nine per cent) and raw cotton (one per cent).

However, the prices of castor seed (three per cent) cotton seed and groundnut seed (two per cent each) and linseed and raw jute (one per cent each) moved up.

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) 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

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