Friday, September 08, 2006

Inflation crosses 5%

NDTV: "Inflation crossed 5 per cent mark for the week ended August 26 mainly due to increase in the prices of food articles including vegetables and wheat. The wholesale price-based inflation soared to 5.01 per cent during the week under review from 4.91 per cent in the previous week and 3.33 per cent during the corresponding week last year.

The Wholesale Price Index (WPI) for all commodities was up by 0.1 per cent to 205.3 points and the index was 195.5 points in the year-ago period. Government revised the final inflation figure to 5.21 per cent for the week ended July 1 from the provisional estimate of 4.96 per cent while WPI stood corrected at 203.8 points as against 203.3 points.

The Asian Development Bank (ADB) on Wednesday said rising food prices and delays in fuel oil price adjustments are adding further inflationary pressures in India.

During the week under review, world oil prices rose slightly to 72.5 dollars a barrel as a tropical depression rolled across the Caribbean, and as edgy traders continued to follow diplomatic moves over Iran's nuclear programme. (PTI) "

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