Inflation rises to 3.55% from 3.24%

New Delhi, April 28 | Updated: Apr 29 2006, 05:30am hrs
Inflation rose to 3.55% for the week ended April 15, from 3.24% in the previous week mainly due to costlier manufactured and non-food items.

The inflation rate was 5.91% during the corresponding week of the previous year. Primary articles group index declined by 0.4% to 194.3 points due to fall in prices of food articles, while non-food items became costlier. The index was 188 points in the year ago period.

Food articles group index was down by 0.6% to 196.7 points due to lower prices of poultry chicken (6%), wheat and barley (4% each), fruits and vegetables and bajra (2% each).

However, prices moved up for fish-marine (6%), moong and eggs (4% each) and maize and gram (1% each).

The index for non-food articles group rose by 0.8% to 176.6 points owing to higher prices of sunflower (6%), raw rubber (5%), raw cotton (2%), and groundnut seed, castor seed and niger seed (1% each).

But, there was one per cent fall in prices of linseed, rape and mustard seed, soyabean, cotton seed, raw jute and mesta.

Minerals group index fell by 0.4% to 342.7 points due to lower prices of iron ore (5%), magnesite (4%) and China clay (1%), but fluorite became costlier by 2%.

Fuel, power, light and lubricants group index rose marginally to 316.8 points due to 3% increase in prices of aviation turbine fuel and the index was 293.2 points a year ago.

Manufactured products group index rose by 0.9% to 173.5 points owing to increase in prices of food, textiles, chemicals, non-metallic minerals, basic metals and machinery. The index was 170.4 points in the year ago period.

PTI