Inflation Rate Inches Up To 5.01 PC

New Delhi, Nov 14: | Updated: Nov 15 2003, 05:30am hrs
Inflation rate breached the 5.01 per cent mark during the week ended November 1, after a short span of 14 days, as food articles, fuel, and manufactured products became costly.

Rise in prices of essential items like wheat, jowar, maize, skimmed milk powder, edible oil, textile and paper pushed up the overall price level to 5.01 per cent during the week from 4.96 per cent in the previous week and 3.33 per cent a year ago.

Wholesale price index based on all commodities, rose by 0.2 per cent to 176.1 points from 175.8 in the previous week and 167.7 a year ago due to the rise in primary articles by 0.4 per cent, fuel by 0.1 per cent and manufactured products by 0.1 per cent.

The final WPI stood at 175.4 in the week ended September 6, as against the provisional figure of 174.9, while the final inflation rate was at 4.59 per cent as against the provisional figure of 4.29 per cent.

Primary articles group index surged to 183.6 from 182.8 in previous week due to rise in food article prices by 0.3 per cent even as non-food articles were costlier by 0.8 per cent.

Non-food articles index rose to 183.1 from 181.7 in the previous week on account of costlier soyabean, raw cotton (3 per cent each), tobacco, rape and mustard seeds, gingelly seed and copra (1 per cent each). However, cotton seed was cheaper by 1 per cent. Fuel, power, light and lubricants index rose to 253.3 from 253 in the previous week due to a 3 per cent rise in naphtha prices.