Inflation rate stays at 5.01%

New Delhi, Feb 25 | Updated: Feb 26 2005, 06:18am hrs
After falling for 10 consecutive weeks, inflation stood unchanged at the previous weeks level of 5.01% for the week ended February 12 even though vegetables and fruits became costlier.

Rise in the price of some food items like vegetable and fruits, and manufactured goods was to a great extent negated by cheaper edible oils, minerals and a few non-food products, making the wholesale price index inflation to remain at 10 months low of 5.01%.

The price level was as high as 6.08% in the year ago period.

The WPI, however, rose by 0.1% to 188.8 points even as fuel prices remained unchanged and it was 179.8 points in the previous year period.

Government revised downwards the point-to-point inflation to 6.44% in the week ended December 18 as compared to provisional figure of 6.50%.

The WPI stood corrected at 188.4 points during the third week of December as against the provisional estimate of 188.5 points.

The primary articles group rose by 0.3% to 185.4 points due to costlier food items, even as non-food items and minerals became cheaper and it was 182.4 points a year ago.

Food articles group index was up by 0.6% to 184.9 points owing to higher prices of fruits and vegetables (3%), ragi (2%), maize and jowar (1% each). But prices declined for masur (2%), barley, moong, eggs and urad (1% each).

The index for non-food articles group fell by 0.3% to 179.9 points due to lower prices of castor seed (6%), raw rubber (2%), rape and mustard seed, gingelly seed and groundnut seed (1% each). But prices went up for raw silk and fodder (8% each), mesta (6%) and raw jute (1%).

Minerals group index went down by 1.1% to 271.9 points due to cheaper bauxite (18%), magnesite (16%), magnesite ore (9%), fire clay (4%), baryts (2%) and iron ore (1%).

PTI